TX*** ACCA TX (F6) June 2018 Exam was.. Instant Poll and comments ***

Multiple choice questions werent that kind but the written questions were inline with past papers, it could have been worse.:)

the paper was ok...i wish i spent more time on past papers tho. fingers crossed and good luck =)

It was definitely hard. 7-8 difficult marks in both Section B & Section C. Section A was terrible. Half of the MCQs were similar to past papers but other half were out of nowhere. I had no idea about MCQs regarding PAYE and sources of tax law. Overall, it was hard.

Can we work on some sort of unofficial markscheme? Was there a 10 mark question on National insurance contributions? When my exam finished I looked around and saw someone doing (question 36) which seemed to be a 10 mark NIC question that I cant remember doing at all. I don't understand how this could have happened as the review said all questions were completed:/ Gutted because I'm quite confident and am sure I could have got most or all of the marks on that question. Could this be a technical error?

I've passed other F level papers at first attempt including P4 and P2 but here I am still struggling with F6 because I hate memorizing things!!!!! 0ver 8-10 mcqs or more were dedicated to your ability to recall pure facts and dates!! i think I have failed again after failing in March at 49%. Someone please gimme pointers.. section B question on IHT was painfully difficult as I was confused if the available exemptions would be considered or not. ACCA has a way of structuring the passages to the question.. they didn't this time.. putting a crucial fact at the bottom that might have been missed when answering the top questions. Section C question on partnership with losses seemed okay.. But I struggled with the corp. tax. Fingers crossed till July

This exam was a top! It was very easy compared to Yesterday’s F5 which was a disaster, Thank God. I only started to panic when I notice I was running out of time. I started to get confused about the difference between Chargeable gains , Capital gains and Taxable Gains. My questions were IHT, Corporate Tax Liabilities , CGT. In fact a lot of the questions are familiar to those I practiced in Kaplan Kit. I also maked sure I show my calculations, so I know even if the outcome is wrong, the calculation would be right.

@mubariz123 said: Can we work on some sort of unofficial markscheme? Was there a 10 mark question on National insurance contributions? When my exam finished I looked around and saw someone doing (question 36) which seemed to be a 10 mark NIC question that I cant remember doing at all. I don't understand how this could have happened as the review said all questions were completed:/ Gutted because I'm quite confident and am sure I could have got most or all of the marks on that question. Could this be a technical error?

CBE questions are never the same. Thus, ur neighbour might get completely different set of questions than to u.

Does anyone have mcq answers (paper based)

Does anyone have answers for mcqs Paper based? Pls send if you have

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

Hi everyone I have mix feelings about F6. In section C one of the question was to calculate NIC if we add bonus as dividends and something else- i have no clue how to tackle it? If was for 10 points if someone knows please share. Also how is that possible that you guys remember youd MCQ questions and answers?! I roughly remember the questions not mentioning if I choose A B or C!

Is it possible to pass running out of time for both 15 mark questions on section C? The mcq’s were really kind but I kept triple checking answers I’m sure were right. Section B was also fine except the vat section, will have dropped marks there. But I left myself 1 hour 20 mins for sections C and used up 50 mins on the 10 mark question then both 15 mark questions were rushed and messed up. Doubt I scored a single mark there.

Clarap Thank you for your answer. Thats is kind of what I did but then in the middle I just doubted I understand the question correctly. According to my calculation in one case I said the company wont pay NIC as it was below £8164 but if thats correct no idea! Maria

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

CBE Guys there was an inheritene tax question where the donor paid the Tax himself. Was the answer 18750? Section A

@garskama89 said: Clarap Thank you for your answer. Thats is kind of what I did but then in the middle I just doubted I understand the question correctly. According to my calculation in one case I said the company wont pay NIC as it was below £8164 but if thats correct no idea! Maria

thats correct, the company doesn't have to pay any additional NIC as there is no new income for Kaya (i think was her name). In that case there is only more divident paid, so no change in NIC

@sawan2095 said: 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

you'll pass if you score 50 marks and more, no matter the section

@jihane said: How could you pass F5 just tell mr advise plz im straggling with it badly..and yesterday i took exam was another desaster ...F6 its easier than f5 just know the rules and apply them nk need to remember every thing

You'll pass F5 if you understand why you're making the calculation rather just because you've memorized a rule. Understand WHY first.. for examle, A reduced cost is obviously a positive variance while reduced sales is not. Mix variance is about the appropriate quantity, over or below this could obviously leadsl to poor quality hence why variance calculation is needed because some materials will have been overused while the other underused leading to negative and positive variance respectively. Passing F5 is fair if you understand WHY you're doing the calcuation compared to memorizing a bunch of rules

@clarapr said: What did people put on the q asking if the person was resident or not resident in uk in section c, I spent way too much time for the 3 marks he had on it, I changed to not resident at last min as only had 3 ties but now think I was wrong.

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

.

.

@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

@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

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....

@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

what i found the most bizarre yesterday was the fact that I was the only person sitting that exam in my venue... In fact I was the only one to book this exam for both morning and afternoon session...

Hi there, I have a few questions to please: What did people put for : 1) The date the director was entitled to his bonus - Was it the YE date or the date he was entitled the bonus? 2) What date did people put down for 'When should he start to charge output tax?' 3) Was he a UK resident or not ? I put down NON UK RESIDENT DUE TO 3 TIES? 4) For the 'How much additional tax does she pay with the rental property' - Did people work out here income tax liability without the rental income and then work their income tax liability with the rental income? Thanks

@mattraw99 said: Is it possible to pass running out of time for both 15 mark questions on section C?

It was the other way around for me. I started with Section C, spent a hell lot of time on it and had to rush in both Section A & Section B. Section A was a disaster, complete disaster! Section B was 50-50. I really hope i have done enough.

@khilen said: Hi there, I have a few questions to please: What did people put for : 1) The date the director was entitled to his bonus - Was it the YE date or the date he was entitled the bonus? 2) What date did people put down for 'When should he start to charge output tax?' 3) Was he a UK resident or not ? I put down NON UK RESIDENT DUE TO 3 TIES? 4) For the 'How much additional tax does she pay with the rental property' - Did people work out here income tax liability without the rental income and then work their income tax liability with the rental income? Thanks

I hadn't got this question. Are these part of the same question?

CBE Did anybody get following MCQs in Section A: 1. PAYE - Full Payment Submission (FPS) 2. Sources of Tax Law 3. What options an individual has if he's made a chargeable disposal and HMRC are disagreeing by saying its a sale of inventory? 4. Which 2 of the following are ethical principles are expected of accountants & are included in ACCA Code of Ethics?