• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

Past Paper Sep/Dec2015. Section A.8

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Past Paper Sep/Dec2015. Section A.8

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • June 8, 2016 at 10:25 pm #321228
    brillianti1013
    Member
    • Topics: 12
    • Replies: 3
    • ☆

    Past Paper Sep/Dec2015. Section A.8 Why is it “C”? not “A”?

    Mammoth Ltd commenced trading on 1 January 2012. The company’s augmented profits have been as follows:

    Period £
    Year ended 31 December 2012 524,000
    Year ended 31 December 2013 867,000
    Year ended 31 December 2014 912,000

    Throughout all of these periods, Mammoth Ltd had one associated company.
    What is the first year for which Mammoth Ltd will be required to pay its corporation tax liability by quarterly
    instalments?

    A Year ended 31 December 2013
    B None of the years ended 31 December 2012, 2013 or 2014
    C Year ended 31 December 2014
    D Year ended 31 December 2012

    June 9, 2016 at 2:57 am #321276
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    2 associated companies so upper limit is 750,000. Mammoth was not large in y/e 31/12/12 so is NOT required to make quarterly instalment payments (QIP) for y/e 31/12/13. It is large in y/e 31/12/13 and is also large in y/e 31/12/14 so will be required to make QIP for y/e 31/12/14

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • hhys on PM Chapter 4 Questions Environmental Management Accounting
  • singhjyoti on Conceptual Framework – ACCA SBR lecture
  • John Moffat on Time Series Analysis – ACCA Management Accounting (MA)
  • azubair on Time Series Analysis – ACCA Management Accounting (MA)
  • Gowri7 on Relevant cash flows for DCF Working capital (examples 2 and 3) – ACCA Financial Management (FM)

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in