Business Tax question June 2004 paper

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Hi <BR><BR>In the taxation table firt page for corp tax there is full rate and small co rate (19%) how do I know when its a small company????<BR><BR>thanks

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Business Tax question June 2004 paper

    This is when the PCTCT plus any dividends (profits "p" in marginal relief computation) received from UK companies are within the limits i.e. if profits "p" are over £1.5m then 30% corporation tax is charged. <BR><BR>Let me know if you need a better explanation.<BR><BR>Annette
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Business Tax question June 2004 paper

    When would i use the 19% they have for the small co rate?

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