Business Tax

Hi I know i have been posting alot in case any of you have noticed but this forum is like a life saver, i am now confused on the business tax, i am buying the business tax books soon, what is the difference between FA 2009/2010/2011, which one should i do? and there doesnt seem to be any exams on the aat on the busines tax FA2011 so i dont what to pick as the mock exams are where i learn the most
thanks for any help that you can provide on this matter
thanks for any help that you can provide on this matter
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Comments
So, for example, exams in 2011 are based on the 2010-11 tax year (FA2010).
You need to buy the book that relates to the FA for the year you will be sitting your exam. I would guess that you need FA2011 for this year's exams? But check...
This means that prior year exams may be under prior year FA rules, but that's just part of the joys of tax...
I am studying from 10/11 and it states that it will be assessed until May 2012
http://www.osbornebooksshop.co.uk/p/business_taxation_2010_11_tutorial_finance_act_2010/category/1068
but then the 11/12 text states it will be assessed from March 2012.
http://www.osbornebooksshop.co.uk/p/business_taxation_2011_12_tutorial_finance_act_2011/category/1068
So... which tax year is going to be assessed between March and May? Or is it the case that there are two live assessments in this crossover period and you have to specify which FA you are following when you book to sit an exam?
thanks for the advice, i will probably be sitting in march/april so i think its best to go for the FA 2011, the mock exams from previous years, are they more or less the same?
You're best to study FA2011/12 because if you take in April, 6 weeks marking period goes by and find you've failed, by the time you can retake you have to learn a whole new finance act.
While there isn't a great difference between the two acts it's enough to trip you up. In my rates & tables book the changes include basic rate band, personal allowances and older people's allowances, blind person's allowance and annual exemption amount for CGT.