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ACCA GLOBAL

27 May 2025 06:37

I sent last sessions real exam questions which students sent to me

ACCA GLOBAL

26 May 2025 22:15

that you are given in the exam.

Taxation TX (UK)

In section A there will be a wide range of topics tested as there are 15 OTQs Tutors expectat least a couple of these to be devoted to the administration of income tax and corporation tax So, candidates should ensure they are comfortable with the following

Due dates for the payment of income tax (including payments on account). Due dates for the payment of corporation tax

(including instalments for large companies) Filing dates for the income tax and corporation tax returns

Penalties and interest for late payments and

returns. Other topic areas likely to be tested in section A of the exam are

VAT rules on registration, impairment joss (bad debt) relief, and the SME schemes

relating to cash accounting, annual accounting and flat rate schemes

Inheritance tax due on lifetime transfers both in the donor's life and on death.

Statutory residence tests for individuals Identification of groups of companies for

corporation tax loss reliefs and gains.

Trading loss reliefs for both companies and

sole traders.

In section 8 the questions will be similar to

those of section A, but there will be a longer

scenario to deal with. This means a sighty

different exam skull is necessary as you have

more information to work through and each OTQ

will require you to find the relevant information

or data in that scenario. It is not a difficult skill,

but you have to practise an extensive range

of section B questions from the practice and

revision it before attempting the real exm

In section C you will face the longer,

constructive response questions with scenarios

and much more open requirements. Your

answers will need to show not just sound

technical knowledge, but also the application of

that knowledge to the question you have been

asked

At least 50% of your revision time should be

spent answering the section C questions in the

practice and revision kit to build confidence and

speed in a way that will also maximise marks

1. Remember to inam your income tax and

corporation tax pro formas

2. Calculations which require no more than

two or three entries into your calculator can

be included on the face of your pro forms

(eg time apportioning a salary). Calculations

which are more complex leg company car

benefits) need separate workings which are

properly referenced (W1, W2 etc) and have

a heading. Use the cell formulae to link the

workings answer into your pro forma-then if

you change the working the main body will be

automatically update

3. Actually attempt the narrative parts of the

requirement-aim for as many sentences

as there are marks with each sentence

containing something technical. Keep your

paragraphs to no more than 3 sentences long

4. Your exam will be in the CBE software and the

spreadsheets have some differences to the

software you may be accustomed to, so it is

crucial you practice using the CBE software,

especially for section C type questions.

5. Remember you cannot insert rows into the

CBE spreadsheets. So, leave plenty of space

on the page (especially when setting up pro-

formas). You may need to add something

in and you can always go back and move

workings up the page. Show workings down

the page, rather than across the page as t

makes them easier to mark. Well spaced

answers are also easier to mark-and you

always want to keep the marker happy

We know that the two longest questions will

focus on income tax and corporation tax. These

are likely to include the following

Employment benefits.

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