A company with seven 51% subsidiaries has taxable total profits of 140,000 for the year to
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A company with seven 51% subsidiaries has taxable total profits of £ 140,000 for the year to 31 March 2018. Dividends received in the year were £50,000. Calculate the corporation tax liability for the year and state the date (or dates) on which this tax i s due to be paid, assuming that the company was "large" in the year to 31 March 2017 and either:
(a) all of the dividends received were intra-group dividends, or
(b) none of the dividends received were intra-group dividends.
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