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The paper was horrific.
Had no relevance Or links to any of the past papers or course exams I did. Utterly shocking.
I didn’t even understand the requirement of Q1 part A.
I agree with all the comments posted. Never have I sat such a horrendous paper.
Resit for sure if I take the exam again!
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Q2- Did not do anything with profits given for tax year 2017/2018 as the income tax will be payable by 31 Jan 2019 !! .
Too much marks available for just stating the due dates and calculating NiC , not sure if its just me or was it really 11 marks for that !!!.
Hi,
The paper is really hard. I have realised the examiner just picks randomly from syllabus. Q1 was CH 15 Self assessment for 11 Marks. (Very little of syllabus). P6 has a lot to remember for example due dates, penalties etc and examiner is just unfair and should exam main areas. Students cannot expect to know everything. The whole point is to learn not trick students (which I Think the examiner does and tries to out smart us which is unfair as there is already a lot to this syllabus).
E.g Question 1) how does the cost of computer affect taxable income – Never been examined Q2) Gift of shares from shanira to Ray – How do you maximise the base cost to Ray for CGT and split the gift – examiner is using tricks. – Voluntary registration what info do we need from client. – unusual question and not in textbook. – cannot expect to think too much as very time constraint. Why don’t they reduce the syllabus if they going to ask tricky questions. I will complain to ACCA. –
What does corporation tax reductions mean in question 4 on purchasing plant and machinery. Very weird wording used.
This examiner was just crazy.My understanding. What are your thoughts?
Q1. A. Incorporation Tax computation. we were required to calculate NIC and IT computation, based on taxable profit and tax liability provided ? Dates of payment i.e 31 Jan following year.
B. CGT, Before marriage chargeable for home transferred. As both were UK domiciled and resident. ( Higher rate of CGT as wife in Higher Tax band.
No Entrepreneur relief available.
After marriage i.e. end of 2016 – No CCG and IHT
That was the most horrific exam I have ever sat.
I attempted the past 5 papers, a course exam, a mock paper and a variety of questions from the revision kit, and it didn’t help at all.
A 20 mark question on vat? F**k me!!
I sat staring at the requirement of question 1 part A for 10 mins. I couldn’t actually work out what they were even asking for. It was so confusing.
The degrouping charge was a mess.
Marriage exemption would have been nice, but they weren’t married. It was completely terrible.
That was the most horrific exam I have ever sat.
I attempted the past 5 papers, a course exam, a mock paper and a variety of questions from the revision kit, and it didn’t help at all.
A 20 mark question on vat?!
I sat staring at the requirement of question 1 part A for 10 mins. I couldn’t actually work out what they were even asking for. It was so confusing.
The degrouping charge was a mess.
Marriage exemption would have been nice, but they weren’t married. It was completely terrible.
With regards to the transfer of shares I stated that she needed to transfer enough that used up the 11k allowance and tried to do a working for this. Not sure I got it though.
It appears ACCA are making the P Papers more difficult and F Papers extremely easy with the introduction of F5-9 as MCQ exams. This clearly is for commercial reasons..get students committed by giving them an easy run on the F papers and then slam them on the P papers when they are committed to ACCA and exam fees have increased.
Shocking paper, the questions were ambiguous and a bit of a joke to be honest. I wonder what the pass rate was.
You could know all the tax in the world and still get confused on the exam by the way questions and narratives were structured (bits and bobs of information everywhere)
Did anyone sit the Irish variant? I can’t remember much of what was on it but that’s was the most horrendous exam I’ve ever sat.
Worst paper in history. I guess the ACCA will make their money up in the resits for next sitting when all the new changes from FY2015 come in.
I’m sure they’ll find some untested rules in there to make ambiguous questions on!
Congratulations examining team on defeating 70% of takers before the end of the 15 minutes reading time!! #swallowmeupground
Did anyone else say that a degrouping charge wasn’t needed in question 2 as the Zorro building had been sold to A Ltd – which wasn’t the company being sold
DG only occurs when the sale of the shares of a company happen within 6 years of receiving an asset – which doesn’t apply to company A.
I wanted to walk out the exam, every single question I tried to attempt baffled me! definately resitting. Months of hard work gone down the drain
I agree with all the comments posted. Walked in so prepared and was eaten alive in there!
Horrific paper…If students are unhappy at the way this sitting was examined, we should all complain and inform ACCA. Looking at comments I think this exam was horrible and difficult. very abstract questions throughout the whole paper. I did not see many man parts of syllabus except CGT and IHT but these were for not many marks.
Q2 SSE was weird. Shares were owned 12 month period but did not mention about if both companies were trading companies. Very Tricky on comments (correct or Not). I assume it was incorrect that the gain should be SSE. Gain will not be exempt since although held for 12 month period they were not trading. Baffling.
Q4 was very weird about bank loan – was it me or was it too simple to calculate the amount of bank loan needed after selling loan stock.
Totally agree with you….so much time and effort put into this paper and a complete waste! No amount of past questions could have prepared me for this paper – should have used my holiday to re-sit P5 instead judging by the comments.
Anyway better luck (as lots hard work studying does not seem to count) next time.
I also want to complain to the acca
How do we do this?
Will they even take this into consideration when marking?
They just want our fees? The more that fail benefits them
Really up set cause this was my second attempt and i really did revise for this paper months ahead, i mean several months ahead.
The examiner does not even clearly ask the question. Just wants to confuse you.
In reality the studying i have done will be useful but honestly it wont be tricky like this guy expects us to provide advice to clients
Its time they change the examiner!!
it has left a sour taste in my mouth, and i am now thinking about switching from P6 to either P4 or P5 – especially now any further attempts at P6 will be FY2015.
anyone else thinking about switching, or going to stick with?
the examiner has completely mugged us off here.
sure, there will be a few people who sat it and scored 90% plus, but it seems the majority of people thought it was horrific.
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Guys, ACCA sent e-mails to students today asking for exam feedback. Make sure you fill it in.
my main annoyance is that fact that despite lots of hard work, working through plenty of old exam papers and mock exams etc, i could have studied for another 6 months and i wouldn’t have been in a position to understand those bulls**t questions they were asking.
and the worse thing is – even when the model answers are released it will be as part of the March/June hybrid paper, so question one (which threw me completely) might not even be debriefed.
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