Personal Tax - Inland Revenue rate

GoldenRetreiver
GoldenRetreiver Registered Posts: 64 Regular contributor ⭐
in AAT Level 4 (Level 8 in Scotland)
Hi

I am just going through some past exam papers for tomorrows personal tax exam and have 2 books plus college notes. Both college and Osborne say the official IR rates are 5%, whilst BPP say they are 6.25%, does anyone (who is not totally fed up of revising) know which one is correct?

Comments

  • hunter
    hunter Registered Posts: 54 Regular contributor ⭐
    We have had same problem! I think the best way to solve it is to look at the inside cover of the exam paper where the official rate will be given :) good luck to you and all of us sitting the paper tomorrow, last one for me yipee :):):)
  • GoldenRetreiver
    GoldenRetreiver Registered Posts: 64 Regular contributor ⭐
    Thanks pleased to know I'm not the only one - cant wait for tomorrow to be over and done with - think there's going to be a drink or two on Friday night!
  • hunter
    hunter Registered Posts: 54 Regular contributor ⭐
    oh yes, a few bottles and freedom, 6 months off then start CIPFA
  • GoldenRetreiver
    GoldenRetreiver Registered Posts: 64 Regular contributor ⭐
    Never mind, think I will call it quits after this AAT, I work for a charity and there are very few qualifications available for charity accounting.
  • Nicolaw1702
    Nicolaw1702 Registered Posts: 64 Regular contributor ⭐
    The official Rate of interest for tomorrows exam is 6.25% , but it will tell you that at the front, with all the other info :001_smile:
  • phunkyphantom22
    phunkyphantom22 Registered Posts: 165 Dedicated contributor 🦉
    Hi

    What info on rates should we be given at the front of the paper?

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