F6 Exam Tips by ATC,BPP,KAPLAN,LSBF Dec 2010 exam!

ATC

• Cessation of employment with start of self-employment. Add to that a personal income tax computation.
• Employment income – low emission cars or use of accommodation.
• Corporation tax – straddling 31 March, with detailed adjustment of profit and capital allowances.
• Capital gains tax computation for a personal taxpayer.
• VAT topics – which include registration or deregistration and disposal of assets.
• Employment income and NIC, particularly benefits and PAYE.
• New tax appeals rules.

BPP
• Income tax involving employment income and national insurance contributions.
• Corporation tax involving a long period of account.
• Husband and wife disposing of a number of different assets including chattels, inter-spouse transfers, entrepreneurs’ relief.
• Sole trade commencing trade and changing their accounting date.
• Income tax losses.

Kaplan
• Income tax – employment income/benefits.
• Corporation tax – capital allowances including IBA.
• VAT – cash accounting scheme.
• Capital gains tax – principal private residence relief.
• Personal pension contributions.

LSBF
• Income tax for husbands and wife.
• Employment income, including the evaluation of benefits, mileage allowance, car, fuel and accommodation benefit.
• Income for ISA including the rules for individuals aged 50 years and over.
• Corporation tax – adjustment of a trading profit and the computation of capital allowances on plant and machinery and industrial buildings maybe long period of account.
• Due date for VAT registration.
• Cash accounting scheme.
• Contents of VAT invoice.
• Disposals including the matching rules for shares and rights or bonus issues.
• Sole trader/partnership in business making trading losses and deciding on the best way to relieve the losses.
•Employed versus self employment or pensions.