Indirect Tax

Popbud

Hey

Sitting my Indirect Tax assessment on Thursday, I have passed the two mocks on the AAT website but still can't help but feel nervous :ohmy:

Whirlwind

Firstly .... dont panic!! Really take your time with the VAT return as this is an essential part of the exam.

I have been completing VAT returns for years so thought unit would be a breeze, learning the reasons 'why' entries go in specific boxes makes the process a whole lot easier.

All the best with the exam and let us know how you get on!!

billdoor

Good luck tomorrow popbud - as Whirlwind says, take your time with the VAT return.

I've copied this from a post I made just after I sat the ITX exam:

It was similar to the practice assessments, there's a mix of word questions and calculation questions, the VAT return is the most important bit. Make sure you can do a VAT return and know what is supposed to go in each box.

As per your textbook, make sure you're comfortable with sales/purchases outside the UK, schemes, errors, and the basic bits at the beginning i.e. registration, documents etc.

Looking forward to seeing how you found it!

Popbud

Hi guys,
Thanks for your kind words I passed

Whirlwind

Many congratulations!!

billdoor

Well done popbud, good stuff:thumbup:

Popbud

Thank you :thumbup:

Kelly7

I did mine on Thu. Make sure you know about the tax points as there's bound to be a q on that, know which documents you have to keep for vat returns too.
I'm sure you'll be fine and good luck.
X

Kelly7

Oops, I'm a bit late, well done. X