UK resident company has 19 subsidiaries, five of which are situated abroad. In the year to 31
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UK resident company has 19 subsidiaries, five of which are situated abroad. In the year to 31 March 2022, the company had the following results:
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 2022 and state the date (or dates) on which payment falls due.
Transcribed Image Text:
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
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