Management at XYZ Ltd

Management at XYZ Ltd anticipates an operating profit of £230,000 in 2020. The company had reported an operating loss of £70,000 in 2019. If the UK corporation tax rate is 20%, Calculate XYZ Ltd tax liability for 2020. Show your calculations. (4 marks) TAX Liability for 2020: 230,000✖ 20%=46000 The following information has been extracted […]

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