1. The details of the three separate companies are as mentioned below:

1. The Taxable Total Profit (TTP) of Exe Ltd is 2,000,000. Exe Ltd Incorporated in UK but the directors hold monthly board meetings overseas when major policy decisions are made.
2. Wye Ltd Incorporated overseas and all major decision taken overseas. Profit of the Company is 800,000
3. Ezd Ltd Incorporated overseas (TTP = 1,000,000) but the directors are based in UK and they often conduct board meetings in UK.

You are tax adviser for the above companies and explain the tax incidence and the due date for payment of tax for each company. (word count = 200) (4 Marks)