Busness Tax - Task 4 - Marginal Relief help please

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Charlie1701
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

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  • Charlie1701
    Charlie1701 Registered Posts: 14
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    I worked it out :+1:

    I forgot to augment the dividends
    so should be
    10800 x100 '/. 90 and then added to TTP

  • ncraggs
    ncraggs Registered, Tutor Posts: 70 New contributor 🐸
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    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.uk
  • Charlie1701
    Charlie1701 Registered Posts: 14
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    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, thanks

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