December 4, 2012 at 10:09 am
Post your comments about December 2012 F6 exam.
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Remember that you are studying for a professional qualification – do not make postings that are abusive or threatening. Anyone breaking this rule may be reported to the ACCA disciplinary committee.December 4, 2012 at 1:00 pm
Hope to passDecember 4, 2012 at 1:58 pm
I took the amount for salary with a zero less..assume the amount is 100000 and i wrote 10000 by mistake due to which my income tax came nil..all other workings according to the amount i took are correct, so how many mark will i lose? will this mistake be carry forward?December 4, 2012 at 2:32 pm
ques 4 part A…was difficult.anybody did that easily ???..December 4, 2012 at 2:36 pm
question 4 part A? which one is that? NIC?December 4, 2012 at 2:38 pm
question 2, corporation tax,,just wondering now did the question ask for the corporation tax liabilty to be calcuted at all? i didnt do it but now im thking if didnt read the question properly?December 4, 2012 at 2:40 pm
IT salary was £15,100 over eight months as far as I can remember. So £10,667 was salary – which gave me a vastly overpaid PAYE? So tax was refundable? Anyone else get this?December 4, 2012 at 2:41 pm
2 wanted the CT computation so yes it would have wanted the CT liability.December 4, 2012 at 2:45 pm
have i misread the question i put it as £15,100 * 8 months as i thought she was paid the 15k per month :S
i ended up with something like 26k payable after PAYE, Savings and Dividend creditsDecember 4, 2012 at 2:49 pm
Was it £15k PER month and not an ANNUAL salary? Oh dear … can anyone confirm?December 4, 2012 at 2:50 pm
it was if sophia went to a ltd company and effect on tax and nic savings if she i) took the 80k trading profit as directors remuneration and ii) if she took £64k(net of corp tax) as dividends.
I massivly struggled on this that i vaguely remember what i wroteDecember 4, 2012 at 2:52 pm
sama here question 4 NIC was a nightmareDecember 4, 2012 at 2:52 pm
think salary was £15100 per monthDecember 4, 2012 at 2:53 pm
the exam was ok but for time as usual. just hope i get a 50 and move onDecember 4, 2012 at 2:53 pm
i was getting an overpaid PAYE but by mistake i took the amount of 15100*8=120800 as 12080 i don’t remember whether it was 15100 for 8 months or per month.December 4, 2012 at 2:54 pm
what about capital losses? how can a limited company get relief? what did u lot answer?December 4, 2012 at 3:01 pm
Salary was monthly paid at the end of each month (1st August – 31st March) so 8 months.
NIC was just showing that Class 1 would be paid by business and employee, whereas before it was class 2 & 4 (being self-employed). Had to be careful in deducting corp. tax first as liability arises on converting to a ltd company.December 4, 2012 at 3:04 pm
From deductions including cessation losses and furnished holiday letting, there was about 150k income. Dividends was the only income taxed at 50% effective rate (ie. 42.5%)December 4, 2012 at 3:10 pm
Q-4 was very difficult i can’t answer any body tell me ,, how it can be solve ..December 4, 2012 at 3:12 pm
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