*** P6 June 2016 Exam was.. Instant Poll and comments ***

Jesus Christ, that was the hardest exam I’ve ever sat, the questions were not like any of the questions i’ve taken for revision over the last 3 months and nothing like the previous 3 exams.

I agree. there was nothing from “core topics”.

Anybody there sitting for Singapore variant?

I found the questions just fair, but huge time constraint. I see that that was my struggle with most of the exam, but this time I found myself having just 5 minutes to write to the second option question.

what a terrible paper sooo unfair .. i hope this examiner gets fired what a douchebag for ruining students lives and all effort we put in months preparing in the end the examiner gives u a paper which is out of this world .. sooo lengthy and difficult im so pissed …i worked so hard for it.

I agree with most of the comments made – this paper was horrendous! By far the worse one I have ever sat and way too much to do in the time given. I take my hat off to anyone who thought it was straight forward. Despite completing 90% of the past questions in the Kaplan textbook I was completely lost no amount of past paper revision helped on this one! I’m so disappointed I’ve put so much time and effort in to studying this, my last ever paper and feel like it was an epic fail!

I can confidently say I got 2 marks on the ISA question. Just need to scrape another 48.
Agree with everyone else. This paper (UK) did not cover the core topics. The CGT question was most difficult.

It was an awful. I agree with all of you. The requirements were not clear. The tax years you needed to work on where not clear. It really confused you.

They asking for capital gains tax which I assumed ng/nl but later realised they we’re married after making the gift. It was a total mess.

Poa did not even do.

Question 2- degrouping charges was a mess.

Missed 23 marks already. No way will I pass definately a retake in September.

But it really upsets me that I had to take extra time off work for this paper. Did every single question in Kaplan exam kit. Did all the assessment and mock paper under time condition. Lost my sleep over this paper and what do I get… A waste of time and effort. I literally wanted to cry sitting in that exam centre. It has really emotionally touched me and made me Ill.

I’m really upset and dissappointed.

I completely agree with all. I did practise a lot of questions. But never came across any questions like in today’s paper. I started with Q1 & in sometime completely lost the plot & went on to do the other questions. The sad part is other than the time & efforts that are lost, there is also a need to reinvest in new books if I have to reappear in September.?

1. payments on account I just did halfof the tax eg 14/15 due 31 Jan 16 and 31 July 16. interest 100/80 dividends 100/90 worked out to get income tax other years were just interest and dividends no employment income. nic was amount – 7865 x 12%. Capital gains tax just did proceeds minus cost and ae then because high rate x 28%. Shares bit threw me but it was like partial disposal?? can’t remember. Oh not to mention tax credits aswell.
2. ethics question was notify hmrc not acting for client and not giving reasons Acca principles.
used wrong indexation allowance and cost as it should of been original cost. Sse must hold 10% shareholding held them for 12 months. Degrouping charge is charge gain that was avoided as intragroup so gain calculated at start was done 6 years before disposal so therefore degroup charge added on to other gains. other half of mill schedule struggled with. treated as bonus is employment income so worked out income tax. dividends similar but it using 32.5 and 37.5 % no personal allowance due to being higher than 120000. I won’t go through the rest cause I probably bored everyone but I too am expecting a resit 🙁

Vat reg I just went on about historic and future test. Needing turnover for the past 12 months. Amount of expenses in comparisons with sales might put them in repayment situation or if more sales would other schemes like flat rate be better?
List price was standard take 95 divide by 5 add extra 3% because diesel and 12%. private fuel extra 581 charge? Lease wasn’t there something about deducting 15%? Allowable expense brings income
down?
Changing date cash flow issues, overlap profits used up. Only use 3 months of capital allowances. Car special rate pool at 8% over 130 co2?
Yes terrible exam think I’ve done rubbish

I thought that but then it said entrepreneurs relief not available so that would rule out fhl?

I spoke about gift relief, not enterp.r. Not sure anyway…