Taxation · Corporation Tax
Custard Ltd started trading on 1 August 2024 and prepared its first set of accounts to 31 March 2025. The company's taxable total profits for the period to 31 March 2025 are £190,000. Custard Ltd has three associated companies from which it received dividends of £70,000. The company also received dividends from one non-associated company of £27,000. What is the amount of the augmented profits threshold that will be used to determine whether Custard Ltd is a large company for the period ended 31 March 2025?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1£333,333
- 2£500,000
- 3£375,000
- 4£250,000✓
Correct answer
£250,000
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