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Hi
I was hoping you could help with question 21 from the March June2019 sample paper on the ACCA website – section B for the Thidar case study.57,100 + 27,300 – 3,400 – 1,900 + 3,700 + 4,900 = £87,700
When calculating the VAT threshold why was 3400 and 1900 deducted?
The question you pose suggests that you have not used the OT study notes and lectures prior to attempting what is a very basic question about VAT registration.
If you had worked Example 1 in the VAT chapter in conjunction with the lectures then you would know the answer to your query.
It is essential that you thoroughly work the study notes, lectures practice questions and assigned reading of the ACCA technical articles before you attempt past exam questions.
When you do attempt past exam questions you must NOT use the old exams on the ACCA website as these have not been updated for the technical changes that have taken place since the exam was set – you must instead use the most recent revision kit (FA 2020) from one of the approved ACCA providers
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