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Hello,
I would like to ask about the example 1 of chapter 23, why photo plc’s first 3 months (1/1/2018 to 31/3/2018) corporate tax rate is 20% instead of 19% , since it is in the Financial year 2017.
Thank you for your explanation in advance.
Many thanks for your note – it is another one of my updating errors from last year’s material!
The answer should of course be a CT liability of £2M x 19% = 380,000 which when divided by four gives a quarterly instalment payment of £95,000
Apologies for confusion and once again thank you for your notification.
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