Calculate the corporation tax liability of each of the following companies for the accounting period concerned: (a)

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Calculate the corporation tax liability of each of the following companies for the accounting period concerned:

(a) A01 Ltd has taxable total profits of £800,000 and dividends received of £70,000 for the year to 31 March 2024.

(b) A02 Ltd has taxable total profits of £20,000 for the six months to 31 October 2023 and no dividends received.

(c) A03 Ltd has taxable total profits of £1,600,000 for the year to 31 December 2023 and no dividends received.

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Taxation Finance Act 2023

ISBN: 9781292461083

29th Edition

Authors: Alan Melville

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Question Posted: May 03, 2024 02:02 AM

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Calculate the corporation tax liability of each of the following companies for the accounting period concerned: (a)

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a The accounting period coincides with FY 2023 Augmented profits are 870000 and this figure exceeds ...View the full answer

Taxation Finance Act 2023

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