Absolutely Gutted

SpamkebabSpamkebab Well-KnownPosts: 233Registered
Hi all,

I've just come away from my personal Tax exam and realised that i have left a figure off the tax return.

It's doing my head in, is this really bad? I know it's a stupid mistake, will it cost me?

I hate the questions and scenarios i put myself through after exams, oh well, i'll feel better tomorrow.

Neil.

Comments

  • WAD2001WAD2001 Feels At Home Posts: 38Registered
    Hi

    Dont worry yourself too much about the exam and not putting an answer in just one box. Take a look at the guidance document on the AAT website https://services.aat.org.uk/myaat/guidance_standards/
    I have just found this area on the website and think it could be useful to some students. First find the unit you want to find guidance on then look underneath for the guidance notes.

    Good Luck with your studies and hope you have passed :001_smile:
  • WAD2001WAD2001 Feels At Home Posts: 38Registered
    Forgot to say when you click on the link you then need to click on Level 4 and its then really self explanitory
  • Jo ClarkJo Clark Font Of All Knowledge Posts: 2,526Registered
    Spamkebab wrote: »
    I've just come away from my personal Tax exam and realised that i have left a figure off the tax return.

    It's doing my head in, is this really bad? I know it's a stupid mistake, will it cost me?


    Hello Neil

    I was advised when studying PTX that you receive a mark for each figure entered on the return and if all figures are entered correctly a bonus mark. I don't think missing one figure out should be too problematic... fingers crossed! :o


    JC
    ~ An investment in knowledge always pays the best interest ~
    Benjamin Franklin
  • SpamkebabSpamkebab Well-Known Posts: 233Registered
    Hi Jo,

    I just feel stupid, the information is there, given to you free of charge, and the boxes are easy to understand yet i messed up. I know this won't be the only mistake i made but it is so obvious i feel silly, i'll feel sillier if it costs me another 53 quid lol.

    Thanks for the link WAD, i've read that to death.

    Neil.
  • Sammmy88Sammmy88 Trusted Regular Posts: 283Registered
    £55 now Neil :-p
    Level 2 - Passed 2011
    Level 3 - Passed 2012
    Level 4 - Passed 2014

    Awaiting to start CIMA :)
  • SpamkebabSpamkebab Well-Known Posts: 233Registered
    Cheers Samantha, you just made my day.

    How you doing with the tax module?
  • Jo ClarkJo Clark Font Of All Knowledge Posts: 2,526Registered
    Sammmy88 wrote: »
    £55 now Neil :-p

    £55? Who charges that?
    ~ An investment in knowledge always pays the best interest ~
    Benjamin Franklin
  • SpamkebabSpamkebab Well-Known Posts: 233Registered
    I paid 53 to sit the exam with Kaplan at their Manchester exam rooms, and last September if i remember correctly AAT increased the price of the exams, has this happened again?

    Neil.
  • Jo ClarkJo Clark Font Of All Knowledge Posts: 2,526Registered
    I paid £38 for level 4 exams at BPP
    ~ An investment in knowledge always pays the best interest ~
    Benjamin Franklin
  • SpamkebabSpamkebab Well-Known Posts: 233Registered
    I'm having a really bad day lol

    Is that for distance learning Jo?
  • Jo ClarkJo Clark Font Of All Knowledge Posts: 2,526Registered
    Pass... I attended classes so it could be the reason why I only paid £38.

    Why not signup or contact your nearest BPP to enquire how much they charge for distance learning students.
    ~ An investment in knowledge always pays the best interest ~
    Benjamin Franklin
  • SpamkebabSpamkebab Well-Known Posts: 233Registered
    Kaplan charge 38 too but there is a 15 pound admin fee for distance learners for some reason, up until September of last year they didn't charge an admin fee for distance learning. I can't understand how much admin a distance learner would require above a classroom based learner lol.
  • Sammmy88Sammmy88 Trusted Regular Posts: 283Registered
    £55 was for Kaplan. I paid £53 for my Financial Performance at the beginning of September, which was paid for in August, but when I booked my personal tax today they gave me a different booking form, and has gone up by £2.
    Level 2 - Passed 2011
    Level 3 - Passed 2012
    Level 4 - Passed 2014

    Awaiting to start CIMA :)
  • Sammmy88Sammmy88 Trusted Regular Posts: 283Registered
    Spamkebab wrote: »
    Cheers Samantha, you just made my day.

    How you doing with the tax module?

    Not going too bad! Lots to take in and remember, but cracking on! :-D
    Level 2 - Passed 2011
    Level 3 - Passed 2012
    Level 4 - Passed 2014

    Awaiting to start CIMA :)
  • Roro1303Roro1303 Feels At Home Posts: 38Registered
    well, if this helps, i am an Kaplan live online student and have sat 2 papers at my nearest Bpp centre and paid £15 less than what my local Kaplan centre charges £53.
  • mrb82mrb82 Well-Known Posts: 147Registered
    I'm in my third week (two 3 hour sessions a week) of PTX.


    AAAAGGGGHHHHH!!! So much to take in!!!!
  • SpamkebabSpamkebab Well-Known Posts: 233Registered
    God, this Tax malarky is soooo Boring lol.

    What are the other 2 (other than tax) options like?

    Neil.
  • MWAUGH1983MWAUGH1983 Trusted Regular Posts: 420Registered
    Kaplan do intend to increase exams yearly by about £2 or there abouts.
  • Jo ClarkJo Clark Font Of All Knowledge Posts: 2,526Registered
    Spamkebab wrote: »
    God, this Tax malarky is soooo Boring lol.

    What are the other 2 (other than tax) options like?

    Neil.

    Neil how can you say tax is boring? :001_tt2:

    The other options currently available at level 4 are external auditing and credit management and control. I can't comment on either of these as I took both tax papers and loved them! However I am sure other students can let you know about the other two options. Are you taking both PTX and BTX?


    JC :o
    ~ An investment in knowledge always pays the best interest ~
    Benjamin Franklin
  • JaffasGirlJaffasGirl Trusted Regular Posts: 387Registered
    I don't take classes with BPP, just buy the books and book the exams with them and only get charged £36 (for level3) and I believe it only goes up to £38 for level four. They are pretty good in that respect.
  • SpamkebabSpamkebab Well-Known Posts: 233Registered
    Hi Jo,

    Ok after spending the morning reading the Business Tax textbook, i revise my comment lol.

    Business Tax is much better than Personal Tax, I feel it's something to really get stuck into. Personal Taxwas more about memorising the text, like the Ethics in level 3.

    I was missing doing the workings, there seems to be plenty to get my head around in this module.
  • Jo ClarkJo Clark Font Of All Knowledge Posts: 2,526Registered
    Spamkebab wrote: »
    Hi Jo,

    Ok after spending the morning reading the Business Tax textbook, i revise my comment lol.

    Business Tax is much better than Personal Tax, I feel it's something to really get stuck into. Personal Taxwas more about memorising the text, like the Ethics in level 3.

    I was missing doing the workings, there seems to be plenty to get my head around in this module.


    :001_tt2: I agree, I found BTX more interesting although PTX is very useful.
    ~ An investment in knowledge always pays the best interest ~
    Benjamin Franklin
  • James PattersonJames Patterson Trusted Regular Posts: 281Registered
    Total People + Apprenticeship = Free :D muhahaha
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