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Dear sir,
My ACCA TX (UK) exam is on the 9th of march, but the videos have been changed for FA2020.
Please help me.
Vishesh Paryani
here are old March 2021 exam lectures
Chapter 2
2.1 Introduction to Income Tax Computation [32m]
2.2 Taxation of Non Savings Income [36m]
2.3 Taxation of Savings Income [43m]
2.4 Taxation of Non Savings, Savings and Dividend Income [38m]
2.5 Restriction of Personal Allowance [31m]
2.6 Deductions from Total Income, Gift Aid and Personal Pension Contributions [43m]
2.7 Completion of Chapter 2.6 Issues [43m]
Completion of Chapter 2.6 Issues and Introduction to Lectures on Sections 7, 8 and 9 of the Chapter 2 which use some FA 2018 lectures
2.8 Tax Planning Style Questions [19m]
2.9 Child Benefit Income Tax Charge and Residence [44m]
Please note that 2.9 lectures are taken from FA 2017 as no technical changes have taken place and the only changes in the FA 2019 notes are revised dates in the examples – use the FA 2019 material.
Chapter 3
3.1 Property Income Assessments [49m]
3.2 Property Income Assessments, Furnished Holiday Lettings and Rent a Room [54m]
3.3 Lease Premiums and ISA’s [35m]
Chapter 4
4.1 Badges of Trade and Adjustment of Profits [56m]
4.2 Adjustment of Profits continued [39m]
Chapter 5
5.1 Introduction to Capital Allowances Computation – Additions [46m]
5.2 Additions cont’d including special rate pool [23m]
5.3 Disposals – Small Pools WDA – Non Pool Assets [1h7m]
5.4 Non Pool Assets continued [43m]
5.5 Balancing Adjustments on Pools and Review of Capital Allowance Computation [45m]
Chapter 6
6.1 Trading Profits – basis periods of assessment for continuing business and new business [45m]
6.2 Basis periods in opening years continued [34m]
6.3 Basis periods in opening years continued [45m]
6.4 Basis periods in closing years and Capital Allowances in opening and closing years [47m]
6.5 Cash basis for small businesses [36m]
Chapter 7
7.1 Trading Losses – reliefs in current tax year, carry back and carry forward [56m]
7.2 Cap on current year and carry back reliefs – use of trading loss against capital gains [49m]
7.3 Losses in opening years [49m]
7.4 Losses in closing years [41m]
Chapter 8
8.1 Allocating partnership profits to partners [54m]
8.2 Change in partners – new partner joining partnership [48m]
8.3 Change in partners – old partner leaving partnership; Partnership losses [31m]
Chapter 9
9.1 Introduction to Employment income – allowable expenses and exempt benefits [48m]
9.2 Taxable Benefits [38m]
9.3 Car Benefits [44m]
9.4 Fuel benefits, Vans & Beneficial Loans [48m]
Chapter 10
10.1 Pension Schemes [32m]
10.2 Annual Allowance (AA) and AA Charge [57m]
Chapter 11
National Insurance Contributions NIC [44m]
Chapter 12
12.1 Introduction to CGT [50m]
12.2 Calculation of CGT liability [37m] (correct video for FA2019 is now showing)
12.3 Calculation of CGT liability continued [40m]
12.4 Use of capital losses [31m]
12.5 No gain no loss transfers, part disposals [43m]
12.6 Chattels & Non chattel wasting assets [50m]
Chapter 13
13.1 Disposal of shares and securities including rights issues [42m]
13.2 Bonus issues, Takeovers [59m]
13.3 Takeovers continued [30m]
Chapter 14
14.1 Entrepreneurs’ Relief [49m]
14.2 Investors’ Relief [34m]
14.3 Rollover Relief (ROR) [49m]
14.4 ROR continued [41m]
14.5 Gift Relief [53m]
14.6 Principal Private Residence Relief [62m]
Chapter 15
Self study with OpenTuition TX-UK notes
Chapter 16
16.1 Introduction to Corporation Tax and the Corporation Tax computation [59m]
16.2 Corporation Tax computation continued [62m]
Chapter 17
Long Period of Account [37m]
FA 2018 LECTURES USED IN CHAPTERS 18 – 22
In all of these chapters the technical knowledge has not changed from FA 2018 and is still therefore relevant for all the exams from June 2020 through to March 2021.
The main difference between the Lectures for FA 2018 which use the FA 2018 Study Notes and the FA 2019 Study Notes that you are now using are simply the dates used in the examples and these differences are listed below.
Where it has been more appropriate to record a new section of any lecture this has been done.
Please ensure that you read the introductory note to each of these chapters before viewing the lecture!
Chapter 18
The FA 2018 lectures are used for this chapter.
The differences between the Study Notes used in the lectures and those you are using for FA 2019 are as follows:
As stated in the Chapter 16 lectures, what we now refer to as “Accounting Periods” were known as “Chargeable Accounting Periods” prior to FA 2019, so you will hear the old “Chargeable Accounting Period” term used in the lecture.
In lecture 18.1 reference is made to the higher corporation tax rate applied before FY 2017 and as discussed in the chapter 16 lectures it is very unlikely that a question would now be set that required students to go back and deal with such an old accounting period.
The differences in the dates used in the examples are as follows:
Example 1 – the accounting period (AP) used in the lecture was “year ended 31.3.19” whereas in the FA 2019 Study Notes it is “year ended 31.3.20”
Example 2 – the AP’s used in the lecture were “years ended 31.3.17 through to 31.3.19” whereas in the FA 2019 Study Notes it is “years ended 31.3.18 through to 31.3.20”
Example 3 – the AP’s used in the FA 2019 Study Notes are 2 years later than in the FA 2018 lectures
Example 4 – the AP’s used in the FA 2019 Study Notes are 1 year later than in the FA 2018 lectures
Example 5 – the AP’s used in the FA 2019 Study Notes are 2 years later than in the FA 2018 lectures
18.1 Introduction to Trading loss reliefs – Current period and carry back relief of Trading losses [45m]
18.2 Non Trading loss reliefs, carry forward of trading losses and terminal loss relief [47m]
Chapter 19
The FA 2018 lectures are used for lectures 19.1 and 19.2.
Lecture 19.3 dealing with takeovers is newly recorded.
The differences between the FA 2018 Study Notes used in the lectures and those you are using for FA 2019 are as follows:
Example 1 – the date of the asset sale is 2 years later in the FA 2019 Study Notes
Example 2 – the disposal date is changed from 10.3.19 in the lecture to 10.12.20 in FA 2019 Notes and the acquisition dated 7.3.19 is changed to 7.12.20
Example 3 – the date of the asset sale is 2 years later in the FA 2019 Study Notes
The section on takeovers including examples 4 and 5 are newly recorded using FA 2019 material.
19.1 Introduction to the taxation of chargeable gains for companies [32m]
19.2 Disposal of shares by companies [37m]
19.3 Takeovers [38m]
Chapter 20
The FA 2018 lectures are used for lectures 20.1 and 20.2.
The differences between the FA 2018 Study Notes used in the lectures and those you are using for FA 2019 are as follows:
Example 1 – change in dates of purchase and sale but no change to answer as same indexation factor used from date of acquisition to December 2017
Example 2 – as per example 1 with changes in dates of acquisition and disposal but no change in answer as same indexation factors used from date of acquisition to December 2017
Example 3 – change in date of disposal but no change in answer as it is the same indexation factor from date of acquisition to December 2017
Example 4 – change to date of disposal but no change in answer as it is the same indexation factor from date of acquisition to December 2017
Example 5 – change to date of disposal but no change to answer.
Example 6 – change in dates of purchase and sale but no change to answer as same indexation factor used from date of acquisition to December 2017
20.1 Part disposals, chattels, non chattel wasting assets [36m]
20.2 Assets damaged, lost or destroyed [25m]
Chapter 21
The FA 2018 lecture is used.
The differences between the FA 2018 Study Notes used in the lecture and those you are using for FA 2019 are as follows:
Examples 1 – 3 – changes in date of acquisition and or disposal of assets but no change in answer as it is the same indexation factor used from date of acquisition to December 2017
21.1 Rollover relief [30m]
Chapter 22
The FA 2018 lectures are used.
The differences between the FA 2018 Study Notes used in the lectures and those you are using for FA 2019 are as follows:
In Section 3 of the notes dealing with AIA the level of AIA available in FA 2018 was only £200,000 – this of course is now increased to £1M.
At the end of lecture 22.1 and the start of lecture 22.2, I incorrectly ask you to review Chapter 12 of the notes dealing with losses of a single company – the chapter to review should be Chapter 18 – not 12.
In examples 2 and 3 there is a change in the accounting period
A new recording has been made dealing with Examples 3 and 4 from the FA 2019 Study Notes.
In example 5 there is a change in the accounting date.
22.1 Introduction to groups, related 51% groups [36m]
22.2 Group relief [42m]
22.3 Group relief continued, chargeable gains groups [55m]
22.4 Chargeable gains groups continued and capital losses [30m]
Chapter 23
Self study with OpenTuition notes
Chapters 24
24.1 Introduction to IHT, Transfer of value, Death estate [49m]
24.2 Basic IHT computations, use of nil rate band and residence nil rate band [51m]
24.3 Transfer of unused nil rate band, Potentially Exempt Transfers (PET) [54m]
24.4 Taper relief, Chargeable Lifetime Transfers (CLT) [57m]
24.5 PET and CLT continued [40m]
24.6 Lifetime exemptions and approach to questions [40m]
24.7 Worked Example 1 [61m]
24.8 The 7 year cumulation period and worked example [57m]
24.9 IHT Planning [22m]
Chapter 25
Introduction to chapter 25 VAT lectures:
25.1 Introduction to VAT, types of supply and VAT registration [50m]
25.2 VAT registration continued [42m]
25.3 Pre registration input VAT, Tax point, Output and Input VAT [44m]
25.4 Output and Input VAT continued, VAT Returns, VAT Invoices [34m]
25.5 Default Surcharge, Penalties [33m]
25.6 Accounting Schemes for small businesses [35m]
25.7 Group VAT Registration, transactions with overseas customers and suppliers [32m]
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