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F6 (UK)

Finance Act 2015
Relevant to those sitting F6 (UK) in September or December 2016 or March 2017
This article summarises the changes made by the UK Finance Act 2015.

Benefits feature regularly in the F6 (UK) exam, and this article mainly covers those aspects of benefits that have been examined in previous sittings of F6 (UK).

Chargeable gains, part 1
This article looks at chargeable gains in either a personal or corporate context.

Chargeable gains, part 2
The second of a two-part article focuses on shares, reliefs, and the way in which gains made by limited companies are taxed.

It is important that F6 (UK) candidates know the group relationship that must exist for reliefs to be available. Working through the examples in this article will prepare you for anything that could be set in the exam.

Inheritance tax, part 1
The article considers the scope of inheritance tax, transfers of value, rates of tax and exemptions.

Inheritance tax, part 2
The second of a two-part article covers the more difficult aspects of lifetime transfers, the calculation of the value of a person’s estate, and the payment of inheritance tax. It also includes an example of an exam standard question, plus a test of your understanding.

Motor cars
Motor cars have featured in every F6 (UK) exam paper that has been set to date, which is not surprising given that acquiring, running, or having the use of a motor car can have income tax, corporation tax, value added tax (VAT) or national insurance contribution (NIC) implications.

Value added tax, part 1
F6 (UK) will always contain a minimum of 10 marks on value added tax (VAT). Among the areas discussed in the article are VAT registration and deregistration, and output and input VAT.

Value added tax, part 2
The second of a two-part article covers VAT returns, VAT invoices, penalties, overseas aspects of VAT, and special VAT schemes, plus a test of your understanding.

Adjustment of profit
Advice on attempting exam questions on adjustment of profit, with a working example of a question in a recent F6 (UK) exam.

F6 - variant papers

Adjustment of profit
Relevant to F6 (IRL)
This article looks at the change of approach in relation to the adjustment of profits questions for both income and corporation tax for F6 (IRL), which is effective from the June 2015 exam sitting.

Personal allowances
Relevant to F6 (CYP)
It is important that candidates ensure that they appreciate the difference between allowable expenses and personal expenses as part of their preparation to sit the F6 (CYP) exam.

The pitfalls of interest deduction claims by individual taxpayers
Relevant to F6 (HKG) and P6 (HKG)
This article is relevant to candidates preparing to sit F6 (HKG) and P6 (HKG). It aims to explain, in layman terms as far as possible, the Hong Kong tax rules and practice surrounding the claims for interest deductions by individual taxpayers.

Finance Act 2014
Relevant to F6 (PKN)
The Finance Act 2014 is examinable in the June and December 2015 sittings of F6 (PKN). It has been observed that many candidates do not give due attention to the changes brought about in the latest examinable Finance Act. Therefore, candidates are advised to go through these amendments carefully so that they can answer exam questions accurately and earn good marks accordingly.

Tax implications of financial arrangements for motor vehicles
Relevant to F6 (MYS)
A look at company vehicles and explains how the nature of their use – rather than their model – distinguishes them as either commercial or non-commercial vehicles. In this article, the tax implications of this principle are explained with the use of a case study scenario.

New company start-up relief
Relevant to F6 (IRL)
The purpose of this article is to explain the workings of Ireland’s tax relief for start-up companies, which was introduced in the Finance Act 2009 to encourage new business activity. The article sets out details of the scheme, including the maximum and marginal tax-exempt amounts allowable and the time limits for the relief.

Hong Kong tax issues arising from outbound investments by Hong Kong resident taxpayers
Relevant to F6 (HKG)
This article addresses the main issues relating to outbound investments made by a Hong Kong resident taxpayer – namely source of profits, permanent establishment and transfer pricing.

Understanding withholding tax rules in Singapore
Relevant to F6 (SGP)
A focus on the various payments subject to withholding tax in Singapore, the applicable withholding tax rates, and the compliance obligations.

Taxation of termination payments
Relevant to F6 (IRL)
From 2011, termination payments are examinable in F6 (IRL).

2010-2011 budget – tax measures
Relevant to F6 (HKG)
An outline of the tax measures in the Hong Kong 2010–2011 budget.

Company car tax in Hungary
Relevant to F6 (HUN)
The examiner for F6 (HUN) outlines the changes to the car tax system in Hungary.

Aggregate to total income 
Relevant to F6 (MYS)
This article covers all the deductions found under Section 44 of the Income Tax Act 1967, although detailed explanations are restricted to items examinable for F6 (MYS).

Refund of Czech VAT to foreign tourists
Relevant to F6 (CZE)
This article looks at the process of refunding Czech VAT to visitors from outside the European Community (EC). It briefly explains the main conditions that have to be fulfilled to apply for a VAT refund, and covers the administration process.

Joint and separate assessment
Relevant to F6 (MYS)
The principles of joint and separate assessment.

Corporation tax losses – part 1
Relevant to F6 (IRL)
In the first of two articles on how losses incurred by a company can be used against profits in the current, previous, or future accounting periods, we focus on trading losses.

Corporation tax losses – part 2 
Relevant to F6 (IRL)
The second part of two articles covers the relief available to a company for Case V and capital losses. It also outlines the tax consequences if a company is late in submitting its corporation tax return (CT 1).

Study support videos

Advice for students retaking exams

This video is about turning your exam fail into a pass at your next attempt. It suggests ways to reflect on where you went wrong, how to draw up an effective study plan, and practising exam questions.

Syllabus updates

Changes to the ACCA Qualification skills module, Professional level and Foundations in 2016–17
This article explains the planned updates to the ACCA Qualification syllabuses taking place as part of the process of continuous syllabus refreshment and improvement.

Changes to the ACCA Qualification and Foundation level in 2015–16
This article explains the planned updates to the ACCA Qualification syllabuses taking place as part of the process of continuous syllabus refreshment and improvement.

Exam technique

Examiner's approach to F6 (UK) for exams up to June 2016
The F6 (UK) examiner outlines the aims of the exam, and how the syllabus will be tested for exams up to June 2016.

Examiner's approach to F6 (UK) for exams from September 2016
The F6 (UK) examiner outlines the aims of the exam, and how the syllabus will be tested for exams from September 2016.

Multiple-choice questions
What you need to know about the multiple-choice questions (MCQs) in the paper-based exams for F4, F5, F7, F8 and F9 from December 2014 and F6 from June 2015.

Key advice on how to pass F6 (POL)
Advice on how to pass the Polish variant.

Exam support resources

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Last updated: 16 Jun 2016