Additional tax

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May 29, 2014 at 5:30 pm #171686
hasanali95
Member
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If a qs says that in the parent co(UK company) has to pay additional tax on the money earned in the foreign subsidiary,how do we calculate the additional tax and on which amount ?

Im confused with the additional tax paid in Q1 Mock exam 2 in the bpp kit

Thanks alot
May 30, 2014 at 11:07 am #171867
John Moffat
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I have told you several times that I do not have BPP books, and so I do not have the BPP mock exam.

The additional tax is at the difference between the UK rate and the rate in the other country.

It is applied to the £ equivalent of the foreign income.
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