24.2 Four companies each have an accounting year ending on 31 March 2010. Compute the corporation tax

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24.2 Four companies each have an accounting year ending on 31 March 2010. Compute the corporation tax liability of each company, given the following information:

(a) Company A has chargeable profits of £267,000 and UK dividends of £18,450.

(b) Company B has chargeable profits of £1,450,000 and UK dividends of £49,500.

(c) Company C has chargeable profits of £10,000,000 and no UK dividends.

(d) Company D has chargeable profits of £1,000 and no UK dividends.

Assume in each case that no tax-exempt foreign dividends are received.

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Taxation

ISBN: 978-0273730156

15th Edition

Authors: Alan Melville

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