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ACCA F6 UK lectures Download F6 notes
June 30, 2015 at 9:13 am
Hi! BPP revision kit F6 Question 8.2. I cannot understand how they came up with the answer.
Qn: In the tax year 2014/15 Claudio has taxable income (after deduction of his P A) consisting of GBP1,000 of non-savings income and GBP2,500 of savings income. What is Claudio’s income tax liability for the tax year 2014/15? The answer is GBP 512 but I get GBP.700. How is GBP512 arrived at? The answer in the book does not help:(
Tax liability =512
Can someone please explain the logic in the suggested answer?
June 30, 2015 at 1:18 pm
It seems the main difference between your answer of 700 and the books answer of 512 is that you forgot the fact that savings income up to 2880 is taxed at 10%(called the starting rate)(This is for savings income only). This is only if the non savings income is less than 2880.
So in this case the non savings income is only 1000, so while that is still taxed at the basic 20% rate, it means that the remainder of the savings income up to 2880 is taxed at the starting rate of only 10% (so 2880-1000=1880 would be taxed at 10%) and then any further savings income above that amount would be taxed at a basic rate of 20%
(2500(total savings income)-1880(the savings income we already taxed at 10%)=620(the remaining savings income which must now be taxed at the basic rate of 20%))
If you do that, you’ll arrive at the right answer. I hope I was of help. Read chapter 2, section 2.5 of the course notes where they briefly touch on this.
All the best
June 30, 2015 at 2:54 am
When you were checking a recent tax computation from HMRC you notice that they have made an error which has resulted in your client receiving a larger repayment than have been made.
What actions should you take?
Am having exam tomorrow pls!!!
June 10, 2015 at 9:00 am
Hello. I’m planning to sit my f6 (UK) exam on the new September exam sessions. Do I need to wait for the lectures and notes to get updated or can I just use the ones already there. Thank you.
June 30, 2015 at 2:09 am
Hi?I saw in ACCA GlOBAL says there is no change in F6,so I assume there won’t be any updated in F6 .
June 30, 2015 at 9:18 am
June 10, 2015 at 3:34 am
Can lectures note sheet download for Dec 2015? Or need to wait for any possible changes.
June 6, 2015 at 3:01 pm
I wish to take f6 exam on Dec 15 which variant I need to take? I am from Bangladesh.
June 6, 2015 at 4:12 pm
UK.. u usually find more resources for the UK paper and it is common for students not having their relevant tax variants, to go in for the UK variant.
May 27, 2015 at 7:34 am
I really appreciate Opentuition Members
May 26, 2015 at 10:20 am
Thank for such a great effort! are there any practice questions available online with examiner remarks or a mock exam sort of thing.thank u again.
May 23, 2015 at 8:51 am
I have just started my f6. The lectures are amazing. Thank you very much sir.
May 16, 2015 at 1:21 am
Hello, are these videos valid for the December 2015 sitting?
May 16, 2015 at 9:34 am
yes they are
May 4, 2015 at 12:07 pm
please sir,according to your lectures the allocated time is 55min but when watching, only 32min and 36sec. was recorded.
please is that all the lectures or the remaining is coming.
please reply me.
April 26, 2015 at 10:51 am
Very simple but helpful
April 7, 2015 at 6:04 pm
It is the first time Im listening to OT lectures and honestly Im amazed by the clarity. I totally counting on these lectures and my revision kit for the June sitting. Thank you so much for such amazing content.
March 15, 2015 at 5:28 pm
nice lecture, thank you Sir. I did some reading about the history behind the UK Tax year dates. indeed it is interesting !
adiru deen says
March 6, 2015 at 3:23 pm
please can i download the lectures for f6
March 6, 2015 at 3:33 pm
No, you can watch lectures on line only! That’s the only way to keep this website FREE
March 4, 2015 at 11:29 pm
i will be resitting F6 in June, will your lectures be enough to pass the exam along with practice.
March 4, 2015 at 12:17 pm
What is BPP?
February 17, 2015 at 3:26 pm
Could you please let me know which Text book I should refer for F6? BPP or Kaplan?
I am planning to take up F6 exam in June – 2015 and will be fully dependent on your online lecture, so please advice.
February 27, 2015 at 8:39 am
bpp is more simple to comprehend. i think its better
April 20, 2015 at 6:50 am
i think bpp….
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