*** ACCA P6 December 2016 Exam Results ***

I got 76% on the first attempt and I self study. I only answered around 80% of the exam.

My advice for anyone doing P6 is go through any questions you can get your hands on. I used the BPP study book and revision book. I did all the questions over and over and over again until the tax advisor way of thinking become second nature. When I went into the exam and saw the questions I just wrote like a possessed person. I unloaded all my knowledge. I had to use 3 answer booklets because I unleashed all that I knew in the exam.

85% 1st time

Didn’t expect that at all but this is how I did it.

Highlight the book ( bpp ) and write out your own notes as you go along into one of those school sized note books. Not A4 paper.
Make your note book colourful.i had a different note book for each tax. use loads of different colour pens!

Once you’ve got your set of notes write out your own revision cards from them notes. For those in the U.K they sell them in the pound shop. The size of the bpp pass cards. Write out your revision cards in the mind mapping technique and also make them colourful. Anyone watch that video from Acca about mind mapping revision technique ?

Print out all the technical articles from Acca. With the questions and answers. There was a lot of them! Highlight them and do the questions near the exam.

Do the practise and revision kit
Write down what you got wrong, and go back to your revision cards and see if you have the answer there, if not add it in and high light it.

At the exam. You will need a different high lighter for each tax. So for question one the long one , as you read it , highlight eg income tax important stuff in yellow , corporation tax in red, etc.

I did go to classes , but this is what I would do at home.

My Tip for passing P6 is attempting at least 80% of the Exam Kit…..which is about 55 Questions and try to strengthen topics which we some time ignored due to sheer volume of the syllabus like VAT, Remittances etc…..again solving Kit is essential to get idea of how to answer the questions….May be even twice
You need to gain few marks allotted to these topics… Hope this Helps

Dear Jehanzaib,

Congrats to you. What is solving kit? Can I buy one? I google it but couldn’t find one. Thank you very much

Passed first time 🙂
The key to passing is question practice, question practice. I must have done 35 questions over and over again. You also need to know your tax rules inside out. Sounds knowledge of tax rules is paramount.

I’m done with this phase of my life.

Just need to finish up the performance objectives then I’m an ACCA member 😀

89%

First attempt, still can’t get over it!!!
Exempt from F6 did my degree 7 yrs ago so didn’t have any basic knowledge! What’s IHT, CGT I asked? lol

I considered changing to the ‘easier’ paper Audit. My motivation level was poor.
The results didn’t come for free, gave up my social life & with a full time job it was so tough! In case those who pre-judge me as the ‘naturally clever’ type – Far far far from it…just worked extremely hard & left rest in Allah swt hands!

Allhamdulillah an Affiliate.

Key Tips:
– Past papers is the ONLY way (attempt first THEN learn from the answer)
– Reading your notes thoroughly once is enough. After that move onto past papers
– Stick to your times (seriously!)
– Answer everything in the exam, state the obvious you get marks for a sensible logic
– Read the qion more than once

Pass P6 – 62 Affiliate now
Feeling blessed

Hello All,

This may be surprising to many, but I have written P6 13 times. Yes, thirteen. one time with a 49% score. This time with 34%. I did online study with a major provider.

Now, I do understand its a vast paper, but it would not be insurmountable. I treated several questions, most of which one can easily recollect and have written them out with their applicable tax treatments.

For example, Duncan, business guy, with new contract, which qualifies for R & D, of extra 130%, on top of the 100% deductible R & D expenses, from TTP, or if (as in HMRC web pages, a loss making can reclaim 11%) as tax credit, which is taxable income for the entity.

So, for the three years required, 16/17, 17/18, 18/19, and last year of £30K would not be R & D eligible, prior years would make about £55K of TTP, so deduct the additional 130% eligible for, and determine the post-tax dividend, which was 18K thereabout, not to tip him (Duncan) into the higher rate tax band. (The question did state the Duncan’s coy’s was not a PSR, that was clear). Post tax retained profits, about 39K, with 18K being dividends and 10% withholding tax credit.

There was also I think Q4, DTR for Subsidiary of UK Resident Coy, which had the election alternative to exempt subsidiary profits. The question further sought what the outcome would be, which was mainly if the UK corporate elected, the foreign sub profits of the future would then be exempt, and the UK Corporate would not have recourse to offset any arising loses. Then FAIM 75% shareholder, question on Ethics. ..

Thirteen times, can anyone beat that?

Responses welcome!