Scope of Corporation Tax Flashcards
1
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’
2
Q
Corporation tax is paid by UK resident companies on…
A
Their whole worldwide income and gains for an accounting period
3
Q
What is TTP?
A
Taxable total profits
The total income and gains of a company
