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Section C (4 Mark)In the year to 31 March 2012, a UK resident company receives...

Section C (4 Mark)

In the year to 31 March 2012, a UK resident company receives overseas income of £9,000 (net) from which 10% tax has been deducted at source. The company's only other income is a UK trading profit of £80,000. There are no associated companies. What is the UK corporation tax liability for the year?

A.

£18,000

B.

£17,000

C.

£16,000

D.

£15,000

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