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1st attempt and fail of 40%
However, the exam day was dramatic, system failure, late start, 5 hours wearing the mask, my sugar levels falling to the floor mid exam (Type 1 diabetic) and not even attempting the 25 mark question, I did better than I expected. So not too disappointed.
Focus on my time management with lots of question practice I am confident for the Dec sitting.
Well done to al that passed.
First attempt and passed with 58%, really pleased with that as I came out the exam thinking I hadn’t done well at all because I never applied any models in my answers. This exam is a weird paper in comparison to the other 9 I have sat. Anyway onto Advanced Tax in Sept.
Did anyone recalculate the NPV and payback for the investment appraisal? The cash flows before tax didn’t include the sales figure so totally changed the NPV and payback period. Just wondering if I did this and possibly didn’t need to. Ran out of time as usual I really struggle with time in these exams.
I put 1st Oct did the question not ask from which date do they need to start issuing VAT invoices? They went over the threshold is Sep so have 30 days to register but need to issue VAT with immediate effect. I’m probably wrong though.
In the VAT question I got input at 180 when you took the surcharge at 49 it didn’t come to any of the answers. Therefore I just put 180. When I looked at questions afterwards most of them say net VAT liability, this one didn’t it only said input VAT. I spent a lot of time thinking over this one as it should have been straight forward
Ran out of time only had 20 mins to do section c Corp tax question. Mucked up on the 10 Mark question as I calculated the Nic on total income. Can’t remember to many of the section b apart from the VAT one. MCQ I thought were not too bad although I could have them totally wrong. I only had answer D for question 10.
