Tx notes fa22 Final

June 2023 to March 2024 exams
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38. Cannock Limited 
Corporation tax was due to be paid under the quarterly instalment payment system for the year 
ended 31 March 2023 as Cannock Ltd was large in the previous period, the year ended 31 March 
2022 and was also large in the year ended 31 March 2023. 
Each instalment is 25% 
×
456,000 = £ 114,000
Due Dates for y/e 31 March 2023
The return filing date is 31 March 2024.
£
2,400,000 @ 19% =
456,000
£
14 October 2022
114,000
14 January 2023
114,000
14 April 2023
114,000
14 July 2023
114,000

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Document Outline

• TX-UK Syllabus
• Tax rates and allowances
• The UK Tax System
• Income tax computation
• Property Income and Investments – Individuals
• Tax Adjusted Trading Profit – Individuals
• Capital Allowances
• Trading Profit – Basis Periods
• Tax Adjusted Trading Losses – Individuals
• Partnerships
• Employment Income
• Pension Schemes
• National Insurance Contributions (NIC)
• Capital Gains Tax – Individuals
• Capital Gains Tax – Individuals – Shares
• Capital Gains Tax – Individuals – Reliefs
• Self-Assessment and Payment of Tax for Individuals
• Corporation tax
• Long Period of Account
• Tax Adjusted Losses – Companies
• Chargeable Gains – Companies
• Chargeable Gains – Companies – Further Aspects
• Chargeable Gains – Companies – Reliefs
• Corporation Tax – Groups
• Self Assessment and Payment of Tax for Companies
• Inheritance Tax
• Value Added Tax – VAT
• Tax Planning style questions
• Answers to examples
• Practice Questions
• Practice Answers