What are the rules around rounding's in tax? do we generally round down to reduce liability?
Do ACCA give room regarding rounding's in the exam?
Thanks in advance
ACCA Forums
TXRoundings
Here is a thread about this very subject-
https://opentuition.com/topic/rounding-numbers-in-taxation/
I would think the answer given in thread would still apply six years later. If you want to confirm this is the case please also ask in the ask the tutor forum-
https://opentuition.com/forum/ask-acca-tutor-forums/ask-the-tutor-acca-taxation-tx-uk-exams/
Hope this helps.
Thank you Jon, appreciated.
You are welcome.
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