Section 2 PTC

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:08AM in AAT student discussion
In Section 2 where it asked you to work out the income tax and Capital gains tax - didnt it just ask you to work out the liability and not the amount payable?????

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Section 2 PTC

    Maybe but I took liability to mean what was to be paid.<BR><BR>I said on another post that I found the questions confusing especially all the references to 'net' I wasn't clear just what to include and deduct to arrive at the net value they wanted. I just worked things through as far as possible to cover myself, in the hope that if I calculated past the point they wanted then I wouldn't get penalised.<BR><BR>Some questions were badly worded and as a result it was a very confused paper, hopefully this will all go in our favour when the scripts are assessed. <BR><BR>Tax is confusing already we don't really need confusing questions to make it more so. In practice (or even in a devolved assessment) you could clarify but in a central assessment not.<BR><BR>I hope the examiner takes note of the points raised in all posts and sets future papers that are more clear. <BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Section 2 PTC

    I also read this the same as you and didn't calculate the actual Tax to pay.

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