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Either way I’ve made a mistake because I said FD financial experience would make him suitable.. stupidly didn’t think audit committee needs 100% NEDs.. hopefully not too much of a loss in marks. Annoying!
Maybe I misread, however there was definitely a Finance Director in AT (page 8 of pre seen).
Hi, I thought it stated finance director but second guessing myself now?
I’m not sure what point they really wanted us to make re the company sec bit. I think the exhibit mentioned it was proposed the FD was also part of the strategic and audit committee, so I just wrote about along with being company sec, focus will be lost on specific role as overloaded with work and responsibility.
I wasn’t sure either but I put this too. My thoughts was that the directors were both the responsible party and intended user (instead of the shareholders)? Not sure.
For the child benefit tax charge I think I did (57,000 – 50,000) x 1% to get the percentage then multiplied the percentage by the child tax benefit to get the charge. I think I should’ve adjusted the 57,000 by gross pension contributions but I can’t remember.
Yes I got £648 7th feb but for the copyright I think I deducted cost minus depreciated amount from amount sold
My thoughts exactly on a lot more than 2 marks!! I’ve made a lot of silly mistakes. Good luck anyway.
Part 2 of example 3 has not deducted the selling costs. It has taken the £9k gross proceeds.
Agree. Was not 100% confident on many answers. I know I have got 5 wrong in section A already and I have made silly mistakes ie. not using taper relief in IHT, not adjusting income for child tax charge by gross pension contributions and also forgetting that index allowance cannot increase a loss. Bad day at the office for me.. praying done enough to get 50.
