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Ash Ltd
b) Calculate Beech Ltd’s corporation tax liability for the year ended 31 January 2024.
The taxable total profit is £331,990.
Answer: Corporation tax (£331,990 × 25%)
Dear Tutor,
I am wondering why 25% was used for the whole calculation. Shouldn’t 2/12 be at 19% because of FY2022 (1 Feb 2023 – 31 Mar 2023)?
Thank you.
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