Specimen paper

Halo Ltd only acquired Shallow Ltd on 1 July 2015 so there is only 9 months of the loss making period coterminous with the profit making period. They are not "calculating tax for 9 months" as you state above, they are computing how much of the loss may be set off against how much of the profit and Shallow has only been a subsidiary for 9 months of the Halo's loss making period.

Hi, I am planning to take F6 exam in June, are the currently available lectures/notes up to date and can be used? And additionally, I think that June is the last exam session for FA 2014? Thank you.

Yes these notes and lectures are based on FA 2014 and are relevant for the June exam. From September the exam will be based on FA 2015

sir can u pleasee explain this mcq Yui commenced trading on 1 April 2014, and registered for value added tax (VAT) from 1 January 2015. Her first VAT return is for the quarter ended 31 March 2015. During the period 1 April 2014 to 31 March 2015, Yui incurred input VAT of £110 per month in respect of the hire of office equipment. How much input VAT in respect of the office equipment can Yui reclaim on her VAT return for the quarter ended 31 march 2015?

Look in the notes at pre registration input tax and you will see that in relation to services provided the trader is able to recover input tax incurred in the 6 months prior to registration.