BTC How did everyone get on?
gillwilson
Registered Posts: 41 Regular contributor ⭐
Just wondering how everyone found this.
Not as bad as i expected - Ent Refief and part disposal of land tripped me up.
Anyone else?
Gill
Not as bad as i expected - Ent Refief and part disposal of land tripped me up.
Anyone else?
Gill
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Comments
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I think I may have missed part of a question. Did they ask us to calculate NIC's for the separate partners' profits? (in section 1)
As I only remembered once I'd left that we were given the NIC's but I don't remember being asked to calculate them0 -
No - no NIC's at all.0
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It depends how every one else did. I am sure you will be fine.
Have I missed something - what operating lease formula??0 -
We just had to explain the ent relief to Emily think.
Part disposal, threw me a bit too. I has proceeds, less cost of acq (100,000/20), less (indexation of £5000 x 0.257), less (100,000 x 150,000/(150,000+500,000)), is that what you all got?0 -
Oh well. I better hope that the examiner is kind. Other than those parts, it seemed quite straightforward.0
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I agree Sammy.
Are you sitting any others this week. I have got PCR on Thursday.0 -
I've got DFS tomorrow and PTC on Friday. Are these your final exams (touch wood) or do you have any other Technician units after these?0
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PEV to do in December. Decided 3 would be too many.0
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Well judging on my performance today it probably is too many. Good luck with PCR and PEV.0
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I found this exam (OK), in a fashion. Made a small mistake on capital allowances, and a small mistake on partners profit, but i think i nailed most of the rest, (other than reports, never know how they went).
Seems to be that most people that sat the exams in my centre had different things wrong but on the whole felt confident that we had done enough to pass. I'm hoping the is the general aura for us all.
Just a reminder not to talk about answers till after 3,
Best of luck to everyone :thumbup1:
Now for revision ON MY 21st BIRTHDAY, for DFS tomorrow :crying:
Jamie0 -
not what I expected....
not what I expected at akk spent ages learning shares and also NICs so was slightly disappointed when they didn't come up. Think I messed up the apporioning between the years on the PCTC and don't think I did well in the wordy questions, memory blank :001_unsure: not sure how I will do.0 -
OMG I didn't know about the 3pm thing! I'm so sorry!0
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It's fine Joey, just dont mention figures i think0
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Aw Happy birthday Jimmy!! I feel for you having exams on your 21st! Think BTC went well!
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Was suprised it was such a straight forward paper most people had finished by the time I left at 11.300
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increbile how come someone can finish BTC in less than 2 hour, instead in MAC with that amount of questions, you wouldn't be able to do that!
definately something wrong with the set of questions and time!0 -
Hi people
What time can we discuss the questions on BTC?0 -
I think it is 3pm0
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I think it went quite well, the final question was large, but ok.
best of luck to everyone.
I finished in an hour and a quarter.0 -
Hi All
I found BTC ok. Was suprised no tax forms to fill in or shares disposal...i had really practiced them...bit annoyed with myself for not time apportioning the bands on the last question for the two tax years....what did anyone else think of that question....ended up using the marginal relief formula...was this right?0 -
Hi Crazy Chick, I used the marginal relief formula too anyone remember any answers? 0
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I think you where supposed to use the relief formula. I split my tax up into the 3 months and 9 months and had to use it for both periods.
Did you have to use the lease formula for the first question in section 2?0 -
lease formula? What's that? Uh oh......0
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i agree it was easy one, but i totally messed up with return, submition dates in both sections:crying: i think i failed:crying:0
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no but i remember they had put the rates in reverse order on the printout at the front i nearly used the 2007 ones for 2008...bit of a trick....
what did you do with the salary for emily (was it her ) for 20k ? I time apportioned it to the 6 months and then deducted it of the trading profits ...what did you do?0 -
I dont think you would fail if you only got the dates wrong as they are just 10min questions?0
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I added 20,000 to the trading profit.... wasnt 100% sure what to do with it!0
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hi trouble
the return? dont remember seeing one do you mean the dates they were due? I screwed that up....only a year out ..got the months right :001_smile:0
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