How to round in Personal Tax Exam

tpowell
tpowell Registered Posts: 2
in AAT Level 4 (Level 8 in Scotland)
Hi does anyone know if you are deducted points for rounding up or down when the exam answer is in whole numbers? I have noticed during the practice exams sometimes you knock the pence of and other times you round to the nearest whole number.
I have my Personal Tax exam Thursday.

Be very thankful for any advice

Comments

  • ChristianB
    ChristianB Registered Posts: 197 Epic contributor 🐘
    Hi @tpowell

    Assessments for Personal Tax (PTAX) support answers which are either rounded up or down where appropriate. If rounding in a specific way is required, there will always be an instruction to this end.

    This is also the case for the other tax assessments, Business Tax (BTAX) and Indirect Tax (ITAX).

    Good luck for Thursday.

    Regards
    I have now left AAT. If you require any assistance with the forums, please contact membership support: https://www.aat.org.uk/contact-us
  • tpowell
    tpowell Registered Posts: 2
    Thank you @ChristianB this makes things a lot clearer.

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