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Crash Bash LTD commenced trading on 1 February 2013
Crash Bash LTD prepared its first accounts for the nine-month period ended 31 October 2013TTP = 338,510
FII = 40,000
Augmented profit = 378,510Question: Calculate corporation tax liability for the nine-month period ended 31 October 2013?
According to the solution, the upper and lower limits are adjusted as following:
Upper limit 1,500,000 * 9/12 *1/2 = 562,500
Lower limit 300,000 * 9/12 *1/2 = 112,500Could you please explain to me why the upper and lower limits are multiplied by ½?
Because there would must be an associate company so the limits will be reduced read the question again
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