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Mock exams for Applied Skills and Strategic Professional exams are now live in the ACCA Practice Platform
Debrief videos will be available from 15 November
For more information visit http://www.accaglobal.com/gb/en/student/exam-entry-and-administration/prepare-for-exams/InSession-exam-countdown-emails/mock-exam-event.html
Are the 2016 exam walkthrough on the revision material relevant for the 2024 syllabus?
@brantombom – can you please ask on the relevant ask the tutor forum – I don’t know which exam you are referring to
Regarding question 4 of the mock:
Judy is provided with accommodation by her employer, which the employer purchased 35 years ago at a cost of £74,500. The property has an annual value of £2,600, and had a market value of £245,000 when first made available to Judy 8 years ago. Judy pays £250 per month to her employer to live in the property.
Why is the additional charge not included, as the property was owned for over 6 years before being provided to the employee the cost of provision should be based off the market value not the purchase price?
Is this an error in the exam?
If not covered by the debrief video please ask on the RELEVANT Ask the Tutor forum
5. Esther, a higher-rate taxpayer, submitted her tax return for the tax year 2023-24 on 1 December 2024. She had deliberately omitted to include rental income of £18,000 because she did not want to disclose this source of income to HM Revenue and Customs (HMRC).
In response to HMRC’s enquiries into her return Esther made full disclosure of the rental income.
What is the minimum amount of penalty that HMRC could charge Esther for her misdeclaration?
A.£1,440
B.£2,520
C.£5,040
D.£3,600
The correct answer is B.35% × (£18,000 × 40%) = £2,520
Hi anyone to explain rule applied to get 35%?
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