Q 33.xlsx - Q 33 a Computation of corporation tax liability of Stilton ltd trading profits Advertising gifts to customers(W1 building alterations less

Q 33.xlsx - Q 33 a Computation of corporation tax liability...

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Q 33) a) Computation of corporation tax liability of Stilton ltd. trading profits 748000 Advertising 0 gifts to customers (W1) 6000 building alterations 11100 less: capital allowances (w2) -159621 tax adjusted trading profits 605479 interest income 3120 taxable total profits 608599 CT LIABILITY FOR 9 MONTHS 86725 B) the augmented profits of the company is 675099 by adding the total taxable profits and the dividends from unconnected companies as this amount is lesser than 1.5 million, it is therefore not a large company. the amount will be due 9 months and 1 day from the end of the CAP therefore the corporation tax is due on 1st october 2019
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since the cost of the gift is more than 50 per person, the whole amount is disallowed
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  • Winter '20
  • AIA, cost of the gift

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