A company has the following results for the four years to 31 March 2018:

Calculate the total repayment of corporation tax (with interest) to which the company is entitled, assuming that:

(a) all possible claims are made to relieve the trading loss against total profits

(b) any repayment of corporation tax which is generated by these claims is made on 13 January 2019

(c) corporation tax for the three years to 31 March 2017 was all paid on the due dates

(d) the rate of corporation tax payable by the company for FY2014 was 20%

(e) the rate of interest paid on repayments of corporation tax is 0.5%.

Also explain how the situation would differ if the company had ceased trading on 31 March 2018 (computations are not required).

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Trading profits/(losses) Chargeable gains/(capital losses) Gift Aid donations y/e 31/3/15 61,900 (7,500) 3,400 y/e 31/3/16 77,400 4,300 3,400 y/e 31/3/17 64,200 2,700 3,400 y/e 31/3/18 (172,500) 5,700 3,400