ACCA TX exam was – September 2021 Exam – Instant Poll and comments

This topic has 48 replies, 19 voices, and was last updated 3 weeks ago by mazahirg.

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September 7, 2021 at 9:31 am #634692
opentuition_team
Keymaster
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How was your ACCA TX September 2021 exam?

Vote in the Instant Poll

(Comments after 5pm UK)
September 7, 2021 at 5:57 pm #634784
tnvrstar
- Topics: 3
- Replies: 14
Section A just killed me. Lots of Questions regarding due dates. Section B and Section C was ok. Will be glad if I get 50 as I don’t wanna be stuck with a subject which is not relevant to me.
September 7, 2021 at 8:32 pm #634802
Quyen12
- Topics: 8
- Replies: 10
is it difficult?
September 7, 2021 at 9:32 pm #634807
nikolapeja
- Topics: 0
- Replies: 3
Hi, I would appreciate if someone can share some of their questions and answers from this exam entry period. Thanks!
September 7, 2021 at 10:04 pm #634810
tnvrstar
- Topics: 3
- Replies: 14
Section A had many Questions related to tax due date and related to Tax administration which was difficult for me. Section B had 3 sections related to VAT, IHT & Capital Gain tax. They were easier compare to section A. Section C was fair. There was questions related income tax, recalculation of Corporation tax with some adjustment and some questions related to IHT and capital gain tax.
September 8, 2021 at 2:24 am #634818
canara
- Topics: 0
- Replies: 4
I really have no comments because I thought it was manageable but then questions are tricky so idk
September 8, 2021 at 8:56 am #634845
littlemiss94
- Topics: 6
- Replies: 15
Did anyone get a question where the company purchased a lorry in December the last month. For the capital allowance I time apportioned it so multiplied by 1/12. Not sure if that was correct
September 8, 2021 at 9:51 am #634852
alexander89h
- Topics: 0
- Replies: 2
I also got section b for VAT IHT AND CGT
then section C also additional benefit for living accommodation – 5marks
income tax – corporate tax -5 marks each
also then net chargeable gains – 7 marks
partnership apporitonment of trading losses – 3 marks

section A was a mixture of many questions – not sure if i will pass..
September 8, 2021 at 11:57 am #634865
mazahirg
- Topics: 2
- Replies: 65
What is the answer to the question of VAT due date and the amount of surcharge?
I answered 648£,is it right?
September 8, 2021 at 11:59 am #634867
mazahirg
- Topics: 2
- Replies: 65
And in chargeable gain question,Do you have to deduct the Allowable selling costs to disposal proceeds and then multiply By 5/3?
I did not deduct and took gross of 9,900/-,who else got this question?
September 8, 2021 at 12:05 pm #634869
xalexandramoore
- Topics: 0
- Replies: 4
Hi I had this question too, I did 9900 – 100 (selling costs)

so:

5/3 x (9800 – 6000)

I think, if I remember rightly.
September 8, 2021 at 1:17 pm #634887
eredorah
- Topics: 0
- Replies: 1
The question about the couple and the wife died leaving some money to her child or grandchild, the deductions should be her AE and NRB but none of the options had this answer??
September 8, 2021 at 2:24 pm #634897
Ericha8
- Topics: 0
- Replies: 2
any NIC?
September 8, 2021 at 8:58 pm #634986
JazzyKang97
- Topics: 0
- Replies: 3
i found this exam super hard!! The very first q nearly caught me out, it was employment benefit on a property, think the property was bought in 2009, there was an improvement in 2014 and the new market value was 1st aug 2018, i ALMOST deducted improvement from new market value when calculating the additional charge.
September 8, 2021 at 10:49 pm #634992
geraint338
- Topics: 1
- Replies: 8
Yes I answered this and it was a month and 7 days after quarter.
September 8, 2021 at 10:51 pm #634993
geraint338
- Topics: 1
- Replies: 8
I also got this and used gross proceeds (9,900-6,000) x 5/3 = 6,500.
September 8, 2021 at 10:53 pm #634994
geraint338
- Topics: 1
- Replies: 8
Agree. Was not 100% confident on many answers. I know I have got 5 wrong in section A already and I have made silly mistakes ie. not using taper relief in IHT, not adjusting income for child tax charge by gross pension contributions and also forgetting that index allowance cannot increase a loss. Bad day at the office for me.. praying done enough to get 50.
September 8, 2021 at 11:11 pm #634995
geraint338
- Topics: 1
- Replies: 8
Can anyone remember any other section A questions and answers?
September 9, 2021 at 4:25 am #635006
srikanthganesh07
- Topics: 0
- Replies: 2
Section A just killed me. Lots of Questions regarding due dates. Section B and Section C was ok.
September 9, 2021 at 8:15 am #635051
muniz
- Topics: 0
- Replies: 1
could anyone help me with the questions that you guys remember , i have rebooked my exam on 12th ,thank you
September 9, 2021 at 1:27 pm #635105
DeeAfo
- Topics: 0
- Replies: 1
yhh its the gross proceeds you use. you’re correct the answer was £6,500
September 9, 2021 at 1:38 pm #635106
GeorgeB169
- Topics: 0
- Replies: 4
I thought it was a lame exam. No capital allowances, barely any profit adjustment – they didn’t include any of the fun stuff!
I thought Section A and B was ok, although I made some dumb mistakes too…
We’ll see in 6 weeks.
September 9, 2021 at 8:50 pm #635199
nikolapeja
- Topics: 0
- Replies: 3
Did someone get a question (IHT) where a woman paid nine installments for school for someone, gave a cash to its niece, etc? Can you remember the solution?
September 9, 2021 at 11:41 pm #635210
Quyen12
- Topics: 8
- Replies: 10
Do I need to remember the Car Co2 percentage or they are provided in the exam table?
September 10, 2021 at 8:05 am #635239
nikolapeja
- Topics: 0
- Replies: 3
You don’t need to learn whole table. Instead you need to learn a patern for calculation. It’s easy. E.g. if car emission 148g, the percentage will be calculated in the following manner:
I (145*-55)/5=19
*first lower number which can be devided by 5
II 19+14*=33
*always use 14 because that the value in the table for petrol driven car which has emission 55g

So in this case appropriate percentage would be 33%, or 37% (increase given percentage by 4 p.p.) if the car has diesel emmision or does note meet RED2 standards…

Hope this is helpfull.
September 10, 2021 at 3:26 pm #635314
srikanthganesh07
- Topics: 0
- Replies: 2
Can someone please provide a high-level overview of the questions that were examined?
September 10, 2021 at 4:15 pm #635326
xalexandramoore
- Topics: 0
- Replies: 4
There was selling costs for the chattel, therefore correct answer was £6333
September 10, 2021 at 4:18 pm #635327
xalexandramoore
- Topics: 0
- Replies: 4
See example 3 for how it is calculated. https://www.accaglobal.com/us/en/technical-activities/technical-resources-search/2018/april/capital-gains-and-chattels.html
September 10, 2021 at 5:21 pm #635348
geraint338
- Topics: 1
- Replies: 8
Part 2 of example 3 has not deducted the selling costs. It has taken the £9k gross proceeds.
September 10, 2021 at 5:45 pm #635357
xalexandramoore
- Topics: 0
- Replies: 4
Oh yes sorry! I was thinking it was the calc for cost > £6000 but sold for <£6000 as that allows selling costs.

Ah well hopefully I didn’t need those two marks 🙂
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