VAT rate in exams

guinea pig
guinea pig Registered Posts: 402 Dedicated contributor ๐Ÿฆ‰
in AAT Level 3 (Level 6 in Scotland)
Please can anyone who has taken the VAT exam, advise what rate they are using please?
All our text books say 17.5% which is the old rate, and I wondered if the exam would have been updated with the new rate?
Many thanks,
GP

Comments

  • Jo Clark
    Jo Clark Registered Posts: 2,470 Beyond epic contributor ๐Ÿง™โ€โ™‚๏ธ
    Hi GP

    When I sat indirect direct in March the rate used was 17.5%.

    Hope all is well with you and the rest of your studies.

    JC
    ~ An investment in knowledge always pays the best interest ~
    Benjamin Franklin
  • guinea pig
    guinea pig Registered Posts: 402 Dedicated contributor ๐Ÿฆ‰
    Thanks, Jo,
    We started the VAT syllabus today, and were wondering about it!
    Tomorrow I am taking the Costings exam - I have spent hours on this one, and still get confused with the process costings! Then it will be lovely to have a long, relaxing weekend.
    How are you getting on with level 4?
    Best wishes,
    GP
  • janwal
    janwal Registered Posts: 1,173 Beyond epic contributor ๐Ÿง™โ€โ™‚๏ธ
    Hi GP

    There was a memo from AAT to say they won't be changing the VAT from 17.5% until August, this is when the new exams are wrote,

    Jan
  • Jo Clark
    Jo Clark Registered Posts: 2,470 Beyond epic contributor ๐Ÿง™โ€โ™‚๏ธ
    guinea pig wrote: ยป
    Tomorrow I am taking the Costings exam - I have spent hours on this one, and still get confused with the process costings!

    Good luck with your CBA - shout if you have any questions.

    Level 4 is certainly a big step up from level 3 which many people have commented on here before. I am due to sit my first CBA mid/late May so all happening a bit quick. Thanks for asking :)

    Enjoy your lovely long, relaxing weekend and chat soon.

    JC
    ~ An investment in knowledge always pays the best interest ~
    Benjamin Franklin

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