[danwilkinson93]

VAT implications of incorporation (4 marks) – did anyone get this?

[danwilkinson93]

Also had multiple loss relief questions.
They were restricting the loss relief to current year only which I felt difficult to write enough about

Also group loss relief I said it was restricted to lower of the loss made and the profit made by the other entities

[danwilkinson93]

Did anyone else get the 12 mark rollover relief Q1 question? It was about a Director called Iain who calculated his own chargeable gains, and we had to spot what was wrong with his calculations? I had nothing to answer for this

[danwilkinson93]

Another regular one is can I say ‘recorded in the group FS’?

Instead of

recorded in the group financial statements

[danwilkinson93]

Hi Stephen,

That’s the bit I understand. What I’m struggling with is – why do accounting and dentistry have different discount rates?

Maybe I should have worded my question as – ‘what do discount rates actually represent?’

Thanks,
Dan

[Author]

Posts