ACCA ATX UK Technical articles. Updated for latest FA Act

by Eduyush Team

To provide our readers with the most up-to-date and accurate information, ACCA has compiled a list of ATX UK technical articles. These articles delve into ATX UK taxation's different aspects and offer taxpayers tips and advice. We hope that you find this information helpful and informative. 

Relevant to those sitting ATX-UK in June, September or December 2022 or March 2023

Finance Act 2021

This article summarises the changes made by the UK Finance Act 2021. 

Corporation tax 

The taxation of a company begins when it starts trading and continues with the addition to your business. At each stage in between these two points - acquiring an additional venture or investing overseas- specific tax implications must be considered by both shareholders & directors alike; this article will outline them for you!

Corporation tax – groups and chargeable gains 

The article begins by summarizing the rules for group relief and capital gains groups. It then considers various issues that could be introduced in an exam question, such as what is meant by "have" or 'possess'. However, it does not include comprehensive explanations of these complex legal terms, assuming you already know them!

Corporation tax – group relief 

The article begins by summarizing the rules relating to group relief and capital gains tax planning. It then goes on to assume that you have a good knowledge of these fields but do not provide comprehensive explanations for those who don't know as much about them!

Inheritance tax and capital gains tax

This article is a must-read for anyone wishing to inherit or make capital gains. The author describes the tax implications involved in these transactions and provides helpful examples that make it easy to understand what needs consideration at each stage!

International aspects of personal taxation

This article provides a structured way to identify which areas of tax may affect an individual's eligibility for UK taxes. It also details those specific fields, giving straightforward questions you can ask that will ensure they're aware of whether their liability has changed or not due to changes in residency status, among other things!

Taxation of the unincorporated business

The new business

The existing business

Trusts and tax

The taxation of trusts and the transfers of assets to, from or within them can be complicated. This article provides rules that will help you navigate this complex system without worrying about whether your actions were legal!

Exam technique

Making the best use of the tax tables in your ATX-UK exam

The ATX-UK exam is more difficult because it includes questions based on tax tables. It's essential, then, when taking this test to become familiar with what is called "tax table information" - commonly found in CBE software and able to use during your answers! 

Stepping up from TX-UK to ATX-UK

Passing the ATX-UK exam

 ACCA ATX Exam dates

We hope that you have found this information on ATX UK taxation helpful and informative. 

If you want more detailed information, we suggest you take a training course or purchase one of the many ATX UK textbooks available. These resources will help you passed the exams with flying colours.


FAQs

There are several ways to prepare for the ACCA exams, including studying the exam syllabus and practicing past exam questions. You can also attend review courses or hire a tutor to help you prepare. It's also a good idea to create a study schedule and stick to it, and to take breaks and pace yourself during your studies.

If you fail an ACCA exam, you will need to re-register and pay the exam fees again. You may also want to consider reviewing the exam syllabus and studying more before attempting the exam again. It's also a good idea to talk to your tutor or mentor for guidance and to get feedback on where you may have gone wrong.

There is no limit to the number of times you can attempt the ACCA exams, but you will need to pay the exam fees each time you register. It's a good idea to carefully review the exam syllabus and consider seeking additional help if you are struggling to pass the exams after multiple attempts.

ACCA Exams are held four times a year for skill level and strategic level exams. These are held every quarter

March, June, September and December

The CA (Chartered Accountant) qualification is offered by the Institute of Chartered Accountants of India (ICAI). The ACCA qualification is offered by the Association of Chartered Certified Accountants (ACCA).

The CA qualification has been in existence for over 150 years, and is a globally recognised qualification. The ACCA qualification has been in existence for over 100 years, and is also a globally recognised qualification.

The CA qualification is available in India only, while the ACCA qualification is available in over 180 countries.

The ACCA subjects are assessed on a 100-point scale. The pass mark is 50 points. A score of 60 or more is required to achieve the grades of distinction, credit, and merit.

Yes. Passing all exams with a high percentage is an excellent accomplishment and demonstrates that you have a high level of understanding of the material. Employers will see this as evidence of your competence and be likely to consider you for a position if you are looking for work in the accounting field.

The hardest ACCA paper is the F5 performance management paper. This is because it requires a detailed knowledge of financial accounting and management accounting in order to pass.

Other papers that are difficult include the F7 financial reporting paper and the P2 advanced auditing and assurance paper. However, all of the ACCA papers are challenging, so it is important to thoroughly prepare for each one before sitting the exam.