A company (which is not a member of a group) has the following results for the 14
Question:
A company (which is not a member of a group) has the following results for the 14 months to 31 December 2020:
Accrued building society interest was £3,000 on 31 October 2019, £4,000 on 31 October 2020 and £nil on 31 December 2020.
Compute the company's total corporation tax liability for the 14-month period and state the date (or dates) on which this tax is due to be paid.
Transcribed Image Text:
Adjusted trading profit, before deduction of capital allowances Capital allowances claimed: Year to 31 October 2020 2 months to 31 December 2020 Chargeable gains: Disposal 12 May 2020 Disposal 6 November 2020 Building society interest: Received 31 December 2019 Received 31 December 2020 Dividend received on 25 September 2020 1,413,510 222,650 37,210 16,586 21,692 3,500 4,300 3,150
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
To calculate the companys corporation tax liability for the 14month period to 31 December 2020 we need to take into account several components including adjusted trading profit capital allowances char...View the full answer
Answered By
Rishabh Ojha
During my undergraduate i used to participate as TA (Teaching Assistant) in several electronics and computers subject. I'm passionate about learning Computer Science as my bachelors are in Electronics but i learnt most of the Computer Science subjects on my own which Machine Learning also. At Present, i'm a working professional pursuing my career as a Machine Learning Engineer and i want to help others learn during my free hours, that's all the motivation behind giving tuition. To be frank i have no prior experience of tutoring but i have solved problems on opensource platforms like StackOverflow and github. ~Thanks
4.90+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A company (which is not a member of a group) has the following results for the 14 months to 31 December 2021: Accrued building society interest was 3,000 on 31 October 2020, 4,000 on 31 October 2021...
-
A company (which is not a member of a group) has the following results for the 14 months to 31 December 2017: Adjusted trading profit, before deduction of capital allowances Capital allowances...
-
A company has the following results for the 14 months to 31 December 2020: Adjusted trading profit, before deduction of capital allowances 1,413,510 Capital allowances claimed: Year to 31 October...
-
Steam leaves a nozzle with a pressure of 500 kPa, a temperature of 350C, and a velocity of 250 m/s. What is the isentropic stagnation pressure and temperature?
-
1. What are some of the ways that organizations, of which you are aware, try to improve communication? 2. What is meant by social influence, and how can it affect the acceptance of new IT? 3. Find a...
-
A constant force is applied to an object, causing the object to accelerate at 8.0 m/s 2 . What will the acceleration be if a. The force is doubled? b. The objects mass is doubled? c. The force and...
-
In the job characteristics model, ____________ indicates the degree to which an individual is able to make decisions affecting his or her work. (a) task variety (b) task identity (c) task...
-
Clark and Julie Anderson are interested in purchasing a new boat and have limited their choice to one of three boats manufactured by Sea Ray, Inc.: the 220 Bowrider the 230 Overnighter, and the 240...
-
Draw the preimage and image of each triangle under a translation along (-4, 1). 1. Triangle with coordinates: A(2, 4). B(1.2), C(4,2). y 4 2- 0 2- Transformation Rule: (x,y) Preimage Coordinates...
-
In the year to 31 March 2019, a company incurred a trading loss of 270,000 which was carried forward. The company's results for the next two years were: (a) Compute the company's taxable total...
-
A company (which is not a member of a group) has the following results for the year to 31 March 2021: The company intends to make Gift Aid donations of 30,000 every six months, starting on 30...
-
Why is the investor of a callable bond exposed to reinvestment risk?
-
[04] Write the output of the following code: String s= "CSIS210"; Stack stk = new Stack(); for(char c s.toCharArray()){ stk.push(c); } for(int i=0; i <4; ++i) stk.peek(); for(int i=0; i <3; ++i)...
-
What type of valve has an operating mechanism that moves a wedge across the passage of flow to close the valve?
-
Variance Analysis: Case Study: ACC 6 4 2 - strategic cost management Variance Analysis in XYZ Manufacturing Company Background: XYZ Manufacturing Company produces electronic devices. In the last...
-
Write a program that satisfies the following for 2D arrays: 1) Prompts users with this menu: a. Create: returns an uninitialized 2D array of the size nRows, nCols b. Fill Rand: populates the array...
-
If Usain Bolt accelerated to his top speed of 12.0 m/s in (7.10x10^0) s, what was his average acceleration?
-
Moulton Motors is advertising the following deal on a used Honda Accord: Monthly Payments of $245.00 for the next 48 months and this beauty can be yours! The sticker price of the car is $9,845.00. If...
-
4. Jobe dy -Y 2 et by
-
Jon bought a chargeable asset for 23,000 in May 1980. He incurred enhancement expenditure of 10,000 in June 1981 and a further 14,000 in July 1999. The asset was valued at 58,500 on 31 March 1982 and...
-
In June 2013, Gillian was given shares with a market value at that time of 6,000. In November 2019 she made a successful claim to the effect that these shares now had a negligible value of only 80....
-
Francis acquired an oil painting for 11,500 in March 1980. He sold the painting for 87,500 in March 2022. Compute the chargeable gain or allowable loss arising on this disposal if the painting's...
-
Logistics Solutions provides order fulfillment services for dot.com merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client receives an order from a...
-
A survey of 150 students who exercise regulariy found that 60 jog, 60 swim, 50 cycle, 15 jog and swim, 5 jogs and cycles, 10 swim and cycle, and 5 does all three. How many of the studenits do not do...
-
DC Electronics uses a standard part in the manufacture of several of its radios. The total cost of producing 30,000 parts is $90,000, which includes fixed costs of $57,000 and variable costs of...
Study smarter with the SolutionInn App