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Financial Year

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Financial Year

  • This topic has 2 replies, 3 voices, and was last updated 9 years ago by Tax Tutor.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • April 6, 2016 at 11:55 am #309159
    SOUD SAEED
    Participant
    • Topics: 28
    • Replies: 27
    • ☆☆

    Hello Sir,

    Just a quick clarification, if lets say financial year 2013/14, would say it as FY 2013 OR FY 2014?

    Thanks

    April 6, 2016 at 12:02 pm #309161
    Ehsan
    Participant
    • Topics: 43
    • Replies: 420
    • ☆☆☆

    FY 14.

    April 8, 2016 at 1:25 pm #309313
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    You need to read the OT course notes chapter 15 section 1.2 and preferably listen to the lectures.
    There is no Financial Year 2013/14 – this is a tax year used for individuals – there is as you say FY 2013 and FY 2014 which run from April 1 to March 31 and are denoted by reference to the year in which they START so that FY 2013 runs from April 1 2013 to March 31 2014

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