*26.6 E Ltd has the following results for the four years to 31 March 2010:

y/e y/e y/e y/e 31/3/07 31/3/08 31/3/09 31/3/10

£ £ £ £

Trading profits/(losses) 61,900 77,400 64,200 (172,500)

Capital gains/(losses) (7,500) 4,300 2,700 5,700 Gift Aid donations 3,400 3,400 3,400 3,400 Calculate the total repayment of corporation tax (with interest) to which the company is entitled, assuming that:

(a) claims under s393A(1)

(a) and s393A(1)

(b) are made in relation to the trading loss for the year to 31 March 2010

(b) any repayment of corporation tax which is generated by these claims is made on 15 January 2011

(c) corporation tax for the three years to 31 March 2009 was all paid on the due dates

(d) the company has received no dividends in any of the four years

(e) the rate of interest paid on repayments of corporation tax is 1%.

The small companies rate of corporation tax is 19% in FY2006, 20% in FY2007, 21% in FY2008 and 21% in FY2009.

Also explain how the situation would differ if the company had ceased trading on 31 March 2010 (computations are not required).