Taxation (TX-UK) essentials on one page

What is TX-UK about?
Taxation provides you with the skills required to compute tax liabilities and apply basic tax planning techniques for individuals and companies.

TX-UK: an overview

Illustration of the UK tax system, the obligations of tax payers and the implications of non-compliance. The graphic splits information out as relevant to individual versus companies

Steps to success

  • If possible, study with an approved learning partner and use approved content
  • Study the whole syllabus
  • Practice exam style and standard questions, to time, using the ACCA Practice Platform
  • Develop your skills in answering constructed response questions
  • Practice using CBE functionality appropriately
  • Attempt at least two full exams under exam conditions, debrief your answers, then focus your revision on weaker areas.

Key resources

Tackling the exam

Section A (30 marks)

  • 15 objective test (OT) questions, each worth two marks

Section B (30 marks)

  • Three OT cases with five OT questions worth two marks each, ten marks per case

Tips for answering OT questions

  • Read the question and scenario carefully
  • Adhere to the rounding instructions for 'fill in the blank' questions
  • Answer all questions.

Section C (40 marks)

  • Three scenarios which typically relate to three requirements

Tips for answering Section C questions

  • Allocate 27 minutes to each 15 mark question (18 minutes to the 10-mark question)
  • Always read the requirement(s) first
  • Focus on a well-structured layout
  • Present all workings – do not simply 'plug' results of calculations
  • Make clear statements for narrative answers and avoid repetition
  • Attempt all requirements.

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