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For section C, did anyone have net income for self employment and for employment with Scarius or something (10 marks) and then 15 mark corporation tax liability and group relief theory question and the last one was income tax liability for Nook and husband Book theory question on marriage allowance / residency status?
For section A, questions I’m doubting myself on are a residency status one, think I chose home in the uk and brother and sister have a flat in the uk. Also, how long HMRC have to do a discovery assessment for careless and deliberate? I chose 6yrs and 20yrs.
Section B- vat questions on cash accounting scheme, how many payments? Was it 9 or or 9 and a balancing payment?
Feel like the inheritance tax questions were confusing? I couldn’t get to any of the multiple choice answers for one them. Also Capital gains were tricky too especially the antique one. Feeling worried!! Crazy how all logic goes out the window when sitting these exams!! lolIt is also in the BPP revision kit for exams up to March 2025 but you once said you don’t have access to the BPP kit, so I referenced the question elsewhere, in case you wanted to see it.
I think I’ve realised why, is it because is it not a gift? Taper relief is only for gifts?
Yeah I think it said he discovered it so I took that as unprompted but who knows with these questions, sometimes there is a trick. With the IHT yeah I did the taper relief of 80% too. And I think the exempt month overseas was around 190, but I was a bit thrown off by the 10 year overseas secondment. I remember the £40k or £50k question boxes but noooo idea what was it haha, can’t remember the what I chose.
For the section B VAT reduction question I chose 100% discount and £0 penalty because it was careless and within the timeframe, but I also felt I rushed the exam I might have overlooked things that I wouldn’t normally. Genuinely no idea how I did. I felt prepared but also felt like a rabbit in headlights in section C, I was overthinking everything
I had a financial analysis question for Sansa stores in section C and then an optimum production plan for a Steel company, with a make or buy too.
I think section A and B seemed ok but also not sure I go enough correct. Honestly I’m not sure. Fingers crossed x
Hi, I hope you don’t mind me piggy backing off this question.
I just did the mock exam and I am really confused as to how the answer is worked out for this one. How was the time worked out? Where did 0.4 come from in the answer?
Thank you.
I have realised where I was going wrong and understand it now – I was using the sales price and the cost of making price the wrong way around. This can be closed 🙂
Failed second time 41%. Thought I had done enough in this exam so I’m disappointed. I think section A and B let me down. Looking forward to seeing the feedback. Fingers crossed for September!
I know I got my overall ROI wrong, I couldn’t get the operating profit low enough. Do you know if we get some marks for workings even if our overall ROI was wrong? 🙁
For section B I got learning rate questions for a boat company, then optimum production for cups plates and bowls, then another question about ABC costing for doctors and nurses, for that one i just guessed as i wanted to come back to it later but didnt have time unfortunately.
I also sat a remote exam.
Can anyone who had the ROI question explain how you dealt with the gross and net profit “notes” ie contracts and marketing I wasn’t sure what to do. Thanks
I felt it was alright but I’m not sure if I’ve done enough. I rushed through section B because I wanted to get on with section C and hoped I would have had time to come back.
For section C I got ROI / performance analysis for the division M (mining) and division F (farming) and then q32 was a table for for airplane engine development price table for total cost, revenue marginal etc. I ran out of time overall but I’m hoping I got a pass! Fingers crossed!
Thanks, I understand the payoff table workings it just the TOTAL of “Expected value (EV) of profit”
I just don’t understand where those totals came from of 70,110, 78,385 and 77,545, have they used the probabilities or have they used an average? – Either way I just can’t get it to those amounts.
Hi, thanks I did read that article before posting my question. I still don’t understand how the “EVs of profit” have been worked out in the payoff table, could you help me please?
I also struggled with finding 8 risks, I could only find 6. Section A was tricky too! Can anyone remind me what Question 3 was (the calculation one)?
It’s really hard to know if what you’re writing is correct!
Such a hard section C!! Transfer pricing and Optimal production plan, definitely a re-sit for me!
Hi Sir, could you help me understand how the current cost price is $31.30 please?
