business tax practice assessment 1 task 3

kelly2021
kelly2021 Registered Posts: 16
hello

Can anyone please help me with this one? Thanks.

It is for the year ended 31 March 2021, so the ALA should be 800000, why the answer says the ALA is 1000000? I’m very confused, any help would be appreciated! Thank you very much.

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Answers

  • Pian32
    Pian32 MAAT Posts: 473 Dedicated contributor 🌟 🐵 🌟
    This is due to the AIA rules been extended for 2021. If you open the information in the exam handler it'll probably have the AIA as £1,000,000 for both 2020 and 2021 meaning no adjustment was needed.
    AAT Level 4, MAAT
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