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Indirect Tax

PopbudPopbud New MemberRegistered Posts: 10
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:

Comments

  • WhirlwindWhirlwind Well-Known Registered Posts: 249
    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!!
  • billdoorbilldoor Well-Known Registered Posts: 129
    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!
  • PopbudPopbud New Member Registered Posts: 10
    Hi guys,
    Thanks for your kind words :) I passed :):)
  • WhirlwindWhirlwind Well-Known Registered Posts: 249
    Many congratulations!!
  • billdoorbilldoor Well-Known Registered Posts: 129
    Well done popbud, good stuff:thumbup:
  • PopbudPopbud New Member Registered Posts: 10
    Thank you :thumbup:
  • Kelly7Kelly7 Well-Known Registered Posts: 218
    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
  • Kelly7Kelly7 Well-Known Registered Posts: 218
    Oops, I'm a bit late, well done. X
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