Assume that the corporation tax rates for the financial year 2004 apply throughout. (b) Explain the corporation tax (CT) and value added tax (VAT) issues that Irroy should be aware of, if she proceeds with her proposal for the Irish subsidiary, Green Limited. Your answer should clearly identify those factors which will determine whether or not Green Limited is considered UK resident or Irish resident and the tax implications of each alternative situation. You need not repeat points that are common to each situation. (16 marks)