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Random question about taxes

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If a company like British airways for example, declares a loss of 500 million for the last financial year, but its turnover has been 900 million, do they still pay tax on the 900 million turnover, or … Read More
richard0000 Avatar
6y, 11m agoPosted 6 years, 11 months ago
If a company like British airways for example, declares a loss of 500 million for the last financial year, but its turnover has been 900 million, do they still pay tax on the 900 million turnover, or do they not pay tax as they havent made any profit.

Would have been easier to ask are companies taxed on annual income, or annual profit?
richard0000 Avatar
6y, 11m agoPosted 6 years, 11 months ago
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banned#1
im sure they are based abroad and pay about none

taxed on profit, and usually they can manipulate the profit as well if needs be, like the music and film industry does
#2
I was just looking at my P60 (which my employer only just gave me!) and the amount of tax is amazing - then my mate said, just think, loads of companies say they made losses and dont pay any tax, it just got me thinking, cheers
banned#3
richard0000
I was just looking at my P60 (which my employer only just gave me!) and the amount of tax is amazing - then my mate said, just think, loads of companies say they made losses and dont pay any tax, it just got me thinking, cheers


cheers for paying tax! ( i do too!) but thats how the cookie crumbles in the UK

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