"Cannock Ltd had Taxable Total Profits (TTP) in year ended 31 March 2022 of £2.4M having previously had a TTP of £2M in the year ended 31 March 2021.
Calculate the corporation tax liability of Cannock Limited for the accounting period ended 31 March 2022 and state when this liability is due for payment and the filing date for the corporation tax return."
How can installment paid for the year, of which TTP has not yet been calculated?
First 2 installment are before year end so how can we pay for them?
We should have paid according to last year installments?
Ask the Tutor ACCA TX-UK
Cannock
I am not here to answer the exam kit questions for you. I am here to assist and guide you
This is not exam kit question. It is question of OT notes.
page number?
And if you read the chapter on CT POA you will find the answer
Page 245.
Actually I am running out of time so I find it easy to ask from tutor. If you can just answer in 1 or 2 sentences will be really helpful to me.
To be honest I am not here as a private tutor - you learn be discovery and not be being told. Look for yourself - you have the time - stop fretting
Thank you. And sorry for disturbing you.
How did the exam go?
I did everything but have no clue either done it correct or not?
You question at end of notes were really helpful and this question "cannock" was part of that Sec A.
I did same as you did in answer. I took current years TTP and calculated Corp tax and divided by 4.
Can I ask you few exam questions if you allow? I know I cannot change the answers but atleast have idea in ATX.
Firstly well done
Secondly, stop worrying
Thirdly, wait for your results before you start planning ahead
Thank you for the support and encouraging me. :)
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