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Has anyone successfully passed after an admin review? I am thinking of applying for ome.
48 – 3rd attempt, I was convinced that I got atleast 70! Not even upset, just feel annoyed!!!
Congrats to all who passed!
@chidozie02 said:
I did not shade my MCQ answer on the sheet provided, but was written on the answer booklet. Will it be marked ?Unfortunately No 🙁 … your answer booklet doesn’t even have your name on it. Let’s hope that you did well on the other 70 mark questions 🙁 ; sorry
What was the treatment of the gilt interest received, i grossed it up Then taxed it, I just read that it shouldn’t have been grossed up
answers =i got for MCQ:
1. C
2. D
3. B
4. C
5. C
6. A
7. D
8. B
9. A
10. D
11, B
12, B
13, D
14. C
15. C@bose12 said:
Yes I did and a negative capital allowance which I addedyes!! i was worried about this, my capital allowance didnt reduce the tax adjusted profit but instead increased it.
@sonyam11 said:
I did all three since the entitlement to all of them occurred in the tax year in question, when they were paid isn’t relevantsonyam, the last bonus’ entitlement fell in the next tax year
@yashkeshani said:
We had to take all the 3 bonuses for employment income purpose? As all fall under tax yeari only took the 1st two as i went by date of entitlement (i saw this on a past paper yesterday)
@mariazheleva said:
I had in Dec session 49%, now 60 %.you are blessed! well done and congrats! I found the march exam much harder than the Dec; failed both
@gssverdi said:
Dec 2015 – 49%
March 2016 – 49%Someone at ACCA hates me!!!!
Kill me now
oh NO!!!! gutted!
Dec 2015 47
Jan 2016 48what a waste of money! I really feel for you though! 1 point!!!??
@boma77 said:
Was not sure about the pen, because there is no advert.they all had company logo on them. the pen ws correct
i did this too and i am sure that it’s correct. (time apportioning for 2013)
also, disposal of FYA i put in the general pool – i wasnt sure about this at the time but i read up on it and it’s correct to put it in the main pool.
no wda or aia in the last year 🙂
I found this paper to be not too bad but i ran out of time and spent far too long on 15mark questions.
@slibrahim50 said:
i think the paper was fair because it was split into different parts for easy scoring.
1.i did not use indexed cost as u can not use it to increase capital loss.
2.for capital allowance in question 5, it is a balancing charge so it has to be used to reduce the loss,
i also split 9600 between the couple 4800 each but i reduced their tax liabilities by 960 each i.e 20% *4800.best of luck
would have only have to reduce their tax payable by removing 20% off 4800. tax liability is basically tax for that year.
i think you are right Yentam. that you deduct from payroll and dont extend band. i was just really rushing 🙁
@mynameisearl said:
With question 5 i did the same as u guys with splitting it 50:50, but then on that last past where u calculate the saving if its all in delilah’s name. It was just taking the £4800 off. Feel like i have missed something. And with the £250 charity salary deduction i didnt know what to do with that. And i didnt time aportion the car expense.i didnt time apportion car either but to be fair, they didnt mention how many months the chaufer was used for. i did nothing with the approx. 9k paid to the chauffer. In terms of the 250 charity i x by 12 and got 3,000, i used this and the 6,000 gift aid to extend the tax rates.
i didnt do question 6 🙁
i had a loss in the shares exercise where the Dad gave shares to daughter.
i hope i did enough, cant go through this again.