The following pages contain information relevant to the financial year 2018 for a UK resident…

Description:

The following pages contain information relevant to the financial year 2018 for a UK resident

trading company, Zarif Ltd. You will complete the tasks given at the end using the information

given here and tax rates and rules applicable for the tax year 2018/19. To complete the tasks,

you need to consult the study materials provided by your teacher and/or information available

online. You may consult with the teacher, if you find any information inconsistent to what you

have studied in the classes but your teacher will not entertain any of your request for

authenticating your answers before the submission. Individual written defense (5%) will be

conducted in the week following submission of your reports.

Instructions:

1. You will work in the teams of minimum 2 and maximum 3 students.

2. Submit your answers in the form of report on or before 25 November 2019

3. Show all computations clearly and give explanations wherever required/possible. Try to

demonstrate as much as possible, your knowledge and skills when computing figures or

giving explanations of your answers/choices.

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Zarif Ltd is a UK resident company. The company trades in high qual

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