Busness Tax - Task 4 - Marginal Relief help please
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Charlie1701
Registered Posts: 14
in Business Tax
Hi
Would anyone be able to help me with this question please?
TAXABLE PROFITS ARE £180,000
DIVIDENDS RECIEVED ARE £10,800 (net)
The year ended 31st March 2014
The Standard fraction is 3/400
I cannot work out what the Marginal Relief is.
I keep getting stuck
Thanks in advance
Charlie
Would anyone be able to help me with this question please?
TAXABLE PROFITS ARE £180,000
DIVIDENDS RECIEVED ARE £10,800 (net)
The year ended 31st March 2014
The Standard fraction is 3/400
I cannot work out what the Marginal Relief is.
I keep getting stuck
Thanks in advance
Charlie
0
Comments
-
I worked it out
I forgot to augment the dividends
so should be
10800 x100 '/. 90 and then added to TTP
0 -
Marginal relief isnt assesable under the FA16 finance act, which is the one AAT are currently testing.AAT Distance Learning Director First Intuition www.fi.co.uk0
-
Oh alright, thank you
I was not sure what sort of paper I would be sitting for Business Tax
If it would be closer to the 2013 to 2015 papers or more similar to the recent 2016 paper
This helps, thanks0
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