A UK resident company has 19 subsidiaries, five of which are situated abroad. In the year to
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A UK resident company has 19 subsidiaries, five of which are situated abroad. In the year to 31 March 2018, the company had the following results:
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UK trading profits UK dividends received UK chargeable gains Overseas bank interest (net of 40% withholding tax) Gift Aid donations paid 720,000 40,000 120,000 10,800 80,000 None of the dividends received were from any of the company's subsidiaries. Calculate the company's corporation tax liability for the year to 31 March 2018 and state the date (or dates) on which payment falls due.
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The image contains a financial question concerning the calculation of a UK resident companys corporation tax liability for the year ending 31 March 2018 It presents various figures such as UK trading ...View the full answer
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