TXF6 UK

Section A: Q5

Specimen exam

Q5 Section A

2 marks

For the year ended 31 March 2018, Sizeable Ltd had taxable total profits of £820,000 and for the year ended 31 March 2019 had taxable total profits of £970,000.

The profits accrue evenly throughout the year.

Sizeable Ltd has had one 51% group company for many years.

How will Sizeable Ltd pay its corporation tax liability for the year ended 31 March 2019?

Pick 1 option