Chapter 11 - 1.1 - Scope of Corporation Tax Flashcards
1
Q
Who is corporation tax paid by?
A
UK resident companies on their worldwide income and gains for an accounting period
2
Q
A company is resident in the UK if?
A
If it is incorporated in the UK, or it is ‘centrally managed and controlled in the UK’
3
Q
What are taxable total profits?
A
The total income and gains of a company
