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Hi there,
differences between Income tax & corporation tax in these cases
* property income
* Tax adjusted trading profit ( is it same for both? any differences in calculation?)
* Interest income
* Qualifying Charitable Donations@mahboba said:
Hi there,
differences between Income tax & corporation tax in these cases
* property income
* Tax adjusted trading profit ( is it same for both? any differences in calculation?)
* Interest income
* Qualifying Charitable DonationsPlease sir, kindly clerify me on the points that:
31 January 2019 is the 5 years of 31 Jan 2015 which is the filing date for 2013/14.
Also on 31 Jan 2016 being one year of the filing date of 2013/14 tax year.
Records must be retained until five years after the filing date, which is 31 January 2019 for the year 2013/14 if the tax payer is a business or has properties to let. However records must be retained for only one year after the filing date, which is 31 January 2016 for the year 2013/14 if not in business.
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