Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How is Corporation tax calculated?

Business calculated corporation Finance Kingdom tax taxes United
0
Posted

How is Corporation tax calculated?

0 CommentsAdd a Comment

1 Answer

0

Corporation tax is calculated on your profits not your turnover. Your Profit and Loss Account should be drawn up using figures which exclude VAT. So there is no element of double taxation.

0 CommentsAdd a Comment

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123