383 others answered this question

Question 2Note 1 - Road Ltd

Road Ltd
(1) The operating loss for the three-month period ended 31 March 2014 is £26,100. Donations of £2,800 have been deducted in arriving at this figure. The donations consist of political donations of £400, and qualifying charitable donations of £2,400.

Required:
Are these allowable deductions to arrive at taxable total profit?

We use cookies to help make our website better. We'll assume you're OK with this if you continue. You can change your Cookie Settings any time.

Cookie SettingsAccept