Question：Which three companies must pay their corporation tax in instalments, assuming a similar level of profits in the previous accounting period?
A. E Ltd, a company preparing accounts for the year ended 31 March 2013, with augmented profits of ?1,000,000.
B. C Ltd, a company preparing accounts for the 9 months to 31 December 2012 with augmented profits of ?400,000. C Ltd has two associated companies.
C. B Ltd, a company preparing accounts for the 10 months to 31 December 2012, with augmented profits of ?1,300,000. B Ltd has no associated companies.
D. A Ltd, a company preparing accounts for the year ended 31 December 2012, with augmented profits of ?700,000. A Ltd has one associated company.
E. D Ltd, a company preparing accounts for the year ended 31 March 2013, with augmented profits of ?1,600,000.
The correct answer is:Companies paying the main rate of corporation tax - B Ltd, C Ltd and D Ltd, must pay by instalments.
解析：As A Ltd has one associated company, the upper limit becomes ?1,500,000/2, which is ?750,000. As A Ltd has augmented profits of less than this, it will not pay the main rate of corporation tax.
B Ltd prepares accounts for a 10 month period, the upper limit therefore becomes ?1,500,000 x 10/12, which is ?1,250,000. B Ltd's augmented profits are greater than this, so it will pay the main rate of corporation tax.
C Ltd prepares accounts for a 9 month period, and has two associated companies, so the upper limit becomes ?1,500,000/3 x 9/12, which is ?375,000. C Ltd's augmented profits are greater than this, so it will pay the main rate of corporation tax.
D Ltd has augmented profits above the upper limit, so will pay the main rate of corporation tax.
E Ltd has augmented profits below the upper limit, so will not pay the main rate of corporation tax.
高顿网校温馨提醒
各位考生，2015年ACCA备考已经开始，为了方便各位学员能更加系统地掌握考试大纲的重点知识，帮助大家充分备考，体验实战，高顿网校开通了全免费的
ACCA题库（包括精题真题和全真模考系统），题库里附有详细的答案解析，学员可以通过多种题型加强练习。
戳这里进入ACCA免费题库>>>
写评论
