Forums › ACCA Forums › ACCA TX Taxation Forums › June 2021 ACCA TX exam was – Instant Poll and comments
- This topic has 32 replies, 25 voices, and was last updated 3 years ago by haniakhan.
- AuthorPosts
- June 8, 2021 at 10:30 am #623845June 8, 2021 at 5:50 pm #623963
.
June 8, 2021 at 6:32 pm #623975I thought this was really hard, especially the section c questions. They love to throw in curve balls to trick you! The room was hot and stuffy with a mask on and the internet was slow. I would have preferred to do it at home but that option wasn’t available
June 8, 2021 at 6:40 pm #623977I felt like section A was harder than I initially thought it would be whereas section C was a little easier. I guess we’ll see once the results are out
June 8, 2021 at 8:04 pm #623988Wow the whole 3 hours was a blur now. Now I’ve got the fear that I missed something or part of a question in Section C. Hopefully not.
This was my first CBE with the constructed responses, there was one question where I only wrote text relating to the April 30th/April 5th accounting periods but the whole answer was on the spreadsheet rather than a text box. Is that normal?
Sorry, I’ve got the post exam fear
June 8, 2021 at 8:17 pm #623994The exam was tough.. nothing to say about Sec A .Sec C I got on 10 marks IHT Tax and I got 50000*40%= 20000. Do any one of u got this??
Sec A wass reallly tough. There was a ques on AA Charge.. They have given you the income but it must be adjusted income. So, the occupational pension by the employer must be added with the income and then restrict the 40000 allowance. Did anyone got this right??
June 8, 2021 at 8:19 pm #623995If it was on a spreadsheet and you’ve given your answer in spreadsheet then it is ok..
June 8, 2021 at 8:24 pm #623996zain678 wrote:The exam was tough.. nothing to say about Sec A .Sec C I got on 10 marks IHT Tax and I got 50000*40%= 20000. Do any one of u got this??
I got a ten marker on whether an individual should continue trading as a limited company and pay himself dividends or whether he should move to self employment.
June 8, 2021 at 9:23 pm #624012Yeah i got the same paper, it was benefitial to pay himself dividends rather than gettng employment income, am i right?
June 8, 2021 at 9:31 pm #624017sahilr99 wrote:Yeah i got the same paper, it was benefitial to pay himself dividends rather than gettng employment income, am i right?
Yes I got that answer that he should remain as a limited company, but there wasn’t a great difference between the two 🙂
June 8, 2021 at 10:15 pm #624026Just to check, written answers were put in the excel bit? I can see a couple people asked but I can’t see the replies
June 8, 2021 at 10:42 pm #624032Really?! I found that it would be more beneficial to change as sole trader, because I calculated the corporation tax + income tax liability + NI employee + NI employer. For the sole trader I calculated the income tax liability + Class 2 + Class 4. Did you also do this or you tried a different approach?
June 8, 2021 at 10:52 pm #624034caterinazogr wrote:Really?! I found that it would be more beneficial to change as sole trader, because I calculated the corporation tax + income tax liability + NI employee + NI employer. For the sole trader I calculated the income tax liability + Class 2 + Class 4. Did you also do this or you tried a different approach?
I did the same but as his remuneration was £8,000 I calculated it as there was no NIC employer/employee payable as a limited company. I don’t think NIC is payable on dividends but could be wrong and I can’t be bothered getting my textbook to check, I’m burnt out haha
June 8, 2021 at 10:53 pm #624035oli.k14 wrote:Just to check, written answers were put in the excel bit? I can see a couple people asked but I can’t see the replies
Yeah it was the same for me. Threw me a bit after the exam because I was thinking maybe I’d missed something?!
June 9, 2021 at 2:13 am #624054So over ACCA.
June 9, 2021 at 3:42 am #624061I got shortlife asset in capital allowances in section C
June 9, 2021 at 8:20 am #624085I had the technical issue and got the reschedule option so I opted to do for next June 15 . Does anyone done the same ?
June 9, 2021 at 10:03 am #624121Is that you choose to do it on 15 June or ACCA given the date? mine was cancel too but i havn’t heard anything from ACCA yet.
June 9, 2021 at 11:58 am #624127AnonymousInactive- Topics: 0
- Replies: 2
- ☆
I found the Objective Questions difficult. Other parts in section C were fairly manageable. Examiner threw in already computed Annual Investment Allowance to confuse students!
June 9, 2021 at 2:26 pm #624139Mine was the same so I’m sure it’s fine 🙂
June 9, 2021 at 2:28 pm #624140I got this as well.
June 9, 2021 at 5:18 pm #624065i got thrown off by the disposal of the FYA electric car, never had to deal with disposal of a FYA car
June 9, 2021 at 8:00 pm #624268Do we not all sit the same TX Exam?
I had a section C question on partnerships. The partnership purchased equipment and the partners bought cars personally which had 20/30% business use. Should these be included in the capital allowance comp for the partnership or personal?
I ran out of time for the final 15 marker on adjusting the company’s trading profit!
June 9, 2021 at 11:50 pm #624323Yes I got the partnership question too however 1 of the cars was FYA as it had only 40g/km CO2 emission… I wasn’t sure if the allowance was supposed to prorated to its 30% business use.
I also ran out of time computing the trading profit for the 15 maker… So much info to process! That’s the question with the AIA already provided.
June 10, 2021 at 6:51 am #624356yes..same hapenned to me
- AuthorPosts
- The topic ‘June 2021 ACCA TX exam was – Instant Poll and comments’ is closed to new replies.