Business tax

Becky V
Becky V Registered Posts: 374 Dedicated contributor 🦉
in AAT Level 4 (Level 8 in Scotland)
Hi all, i have my business tax exam in a few weeks and just wondering if anyone else sat this recently? How did you find it? Thanks in advance. :)

Comments

  • GreenMousey
    GreenMousey Registered Posts: 154 Dedicated contributor 🦉
    Hey,

    I took my BTX exam last week. Wasn't too bad, same kind of format as the mock one on the AAT website but some of the questions were phrased differently and I got a lot more on payment dates and amounts.

    The best tips I can give you is make sure you know if you're dealing with a company or individual/partnership and watch those dates! They tend to throw in at least a question where it's not a full 12 months!

    Good luck! :)

    ~Mouse
  • Jonno1
    Jonno1 Registered Posts: 63 Regular contributor ⭐
    I did my Business Tax last week, the test was hard but interesting. I didn't do Personal Tax and there were quite a few questions on personal tax in the test, so I think I'll be a borderline pass/failure. I did a lot of practice from the BPP question bank, but in hindsight I should have done the 2 mock CBEs on the AAT website. I got stuck on one question on base periods, where the accounts were shown from 1st January 2008 to 31st August 2009, I couldn't compute the tax basis for the third tax year.
  • Becky V
    Becky V Registered Posts: 374 Dedicated contributor 🦉
    Thank you both for the replys.
    Please could someone confirm the order of the additions with AIA and without AIA on for the capital allowances? I am getting so confused as the exams on AAT website are different to my Kaplan book.
  • Becky V
    Becky V Registered Posts: 374 Dedicated contributor 🦉
    Hi i had my business tax exam today, section 1 fine feeling fairly confident with but section 2 not so sure!! I know i messed up with the shares question and rollover relief!!Long 6 weeks to wait! :(
  • uknitty
    uknitty Registered Posts: 591 Epic contributor 🐘
    Lets hope you get your result quickly, and for it to be good news :)
  • Becky V
    Becky V Registered Posts: 374 Dedicated contributor 🦉
    uknitty wrote: »
    Lets hope you get your result quickly, and for it to be good news :)

    Thanks Uknitty, i hate the wait just wish we could get the result instant then i can resit straight away!!!
  • Daz1865
    Daz1865 Registered Posts: 67 Regular contributor ⭐
    I'm about 2/3 through the book at the moment, it just seems so boring, nothing interesting at all to take from it! Things are starting to come together slowly though.

    It all seems about dates, periods and different kinds of rules. Is there anything I should pay particular attention to in the test?
  • Becky V
    Becky V Registered Posts: 374 Dedicated contributor 🦉
    I didnt mind studying this subject as we do a lot of this at work. You need to know the tax computations and section 2 is a lot of multiple choice and as above what the others said, payment dates, sole trader or limited company. Have you got an exam date?

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