[sawan2095]

I had a ques on NPV with operating profit given..I think we had to add back depreciation..
Investment was 100M and scrap value 50M
Working capital based on 15% of operating profit
Tax was paid in arrears Tax rate was 20%
TAD based on 25% reducing balance
I got -ve NPV

[sawan2095]

@beloslava said:
I had IHT and VAT Qs but neither of those were in my cases, there were no VAT groups and no fuel scales for sure…
i sat CBE so may be only the long Qs were the same….

oh alright i sat for paper based exams

[sawan2095]

@beloslava said:
i said he is not a resident, because 2 ties and 100 days (according to the table he needs 3, if hasn’t been resident before and has been in uk for 91-120 days stay) but that might as well be wrong as i literally spent 4 min answering this…..
at first i skipped this part but i had 9 min to spare when i finished with the rest of that question so i decided to give it a go anyway, then spent the other 5 minutes to random choose 3 or 4 answers in MSQs as i didn’t have a clue… let’s hope those were the seeded Qs;-)))
overall it was ok paper.. i have had three so far and this one seemed less difficult…. let’s hope for the best

yeah he had 2 ties thus he became non uk resident given he stayed 100 days in uk
Regarding the mcqs of vat in sec B,
do you remember if
1.you have used the fuel scale charge to calculate the output tax

2.and how about the answer for VAT Group i know we dont charge vat for group co but do we issue invoice?

3. do we consider impairment of bad debts for the sales invoice and discount given ques?

There were also 2 more mcqs which im unsure of their answers..
1. one in IHT sec B advantage of life transfers i put taper relief only

2. and second one in CGT in sec B again, destruction of asset where we were given insurance proceeds, original cost of asset and improvement expenditure..we were told to calculate the allowable base cost and to ignore part disposal

[sawan2095]

@anushaprakash said:
1A
2B
3D
4A
5A
6A
7D
8B
9A
10D
11B
12A
13B
14c
15c
Sec B
16A
17D
18B
19D
20C
21B
22C
23D
24D
25B
26D
27C
28A
29C
30A
I ve written these answers
Pls share if anyone else has the answers too

Regarding the mcqs of vat in sec B,
do you remember if
1.you have used the fuel scale charge to calculate the output tax

2.and how about the answer for VAT Group i know we dont charge vat for group co but do we issue invoice?

3. do we consider impairment of bad debts for the sales invoice and discount given ques?

There wee also 2 more mcqs which im unsure of their answers..
1. one in IHT sec B advantage of life transfers i put taper relief only

2. and second one in CGT in sec B again, destruction of asset where we were given insurance proceeds, original cost of asset and improvement expenditure..we were told to calculate the allowable base cost and to ignore part disposal

[sawan2095]

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[sawan2095]

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[sawan2095]

hi guys i found sec A and B relatively easy and im sure i can bring at least 40% from there but i struggled a bit with sec C. It took me some time to figure out how to work out the 10 mark ques and i was left with 30 mins to work out the last two 15 mark questions. Although i have started the corp tax ques, i could not finish it as time was over. I can barely get 5 marks from this ques. My question is can acca fail me if i score only 15% out of the 40% in sec C and i score 40 % out of 60% from mcqs?? Please answer

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