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Hi all
Do you think (or know) that ATT studies are recommended for gaining full knowledge in the field of taxation, or are most issues covered in the ACCA syllabus?
Does ATT contribute a lot to becoming a taxation expert? or the same result can be achieved through ACCA?
many thanks in advance!!!!
(I have just finished AAT and about to go for ACCA)
Being ACCA qualified only gains you a couple of exemptions from ATT (and one of those is only if you take the advanced tax paper in ACCA). So I would have to assume that ATT gives you a better tax specific background than ACCA. From memory I think AAT may also get you one exemption too if you took the Business Tax as an optional module (only from memory so you’d have to confirm).
However ATT will not give you full knowledge in tax either as there is then the chartered tax qualifications after that.
Yes, have just checked. AAT Business tax or ACCA F6 gives exemption from one paper, and ACCA P6 gives exemption from another. Still leaves several ATT papers to complete even with both exemptions.
thanks @nps1976 !
Do you have any idea if ATT is (relatively) easy as AAT or difficult as ACCA?
And, would you recommend to choose something like CTA (Chartered Tax Adviser) or (CIOT) Chartered Institute of Taxation for expertise in taxation?
I’m only studying ACCA so have no actual experience of ATT, however I have heard that it is much more difficult than AAT and that people are generally shocked by how AAT tax modules only scratch the surface.
I have passed F6 tax at ACCA and it does follow on nicely from AAT but is much more detailed. Bearing in mind that F6 gives me no more exemptions than my tax module at AAT, I can only assume that ATT is a step up from a purely tax point of view.
Interestingly though, being ATT qualified gives you no exemptions from ACCA P6 but you can’t always judge the level of a qualification from the exemptions it provides.
If tax is definitely the direction you want to go in, yet you obviously are interested in the chartered aspect if you are also looking at ACCA, I would suggest you look at Chartered tax status as that would have to be your ultimate goal. Perhaps assess whether ATT or ACCA would put you in the best position for that qualification and then choose. Although I can see myself perhaps studying the CTA exams ultimately, I wanted the breadth of ACCA to begin with.
@nps1976 thanks again for your time and attention!
Well, so far it seems like ATT isn’t something that can be studied ‘by the way’ parallelly to 2 ACCA’s…
I will have to re-consider my aim, then.
Do you have any clue how lung it takes in average to pass 7 ATT’s (before the single exemption) ?
They say ACCA can be done without too much pressure within 3.5 years, taking 2 units per sitting.Thanks a lot for your help, and if there’s anyone that can add his knowledge / thoughts it would be well appreciated!
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