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has there been any change in the tax rates from March 2017 to June 2017

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › has there been any change in the tax rates from March 2017 to June 2017

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by Tax Tutor.
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  • Author
    Posts
  • April 19, 2017 at 2:23 pm #382641
    Geetanjali
    Participant
    • Topics: 2
    • Replies: 0
    • ☆

    Hello Sir/Madam

    I sat for the March 2017 F6 exams but failed. I had the lecture notes downloaded from opentuition in January 2017 which mentioned March/June 2017.

    However, last week when I went through the website, I got to see a different lecture notes which mentions June 2017 exams and while going through same, I noticed that there have been several changes in the rates and income limit etc. Like for e.g. CGT lower rate is now 10% instead of 18%, the higher rate 20% instead from 28%. There is a different rate for residential property which was not there in March 2017. The income limit has been changed from 31 785 to 32 000.

    Grateful if you could please advise on which one is applicable for June 2017 as I shall retake the paper in June 2017.

    Thank you. Looking forward to hear from you.

    Regards
    Geetanjali

    April 21, 2017 at 7:01 am #382921
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    The June exam is based on FA 2016 and does as you say show substantial changes in the preparation of the income tax computation and the application of CGT rates but the vast majority of the remaining content shows little change.
    You should refer on the ACCA website in the technical articles section of F6 to the FA 2016 technical update that deals with all the changes introduced by FA 2016.
    I would also advise that it is essential for you to purchase an updated exam / revision kit from one of the approved ACCA providers!
    Good luck this time

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