The following notes refer to Taxation – United Kingdom (TX-UK) only. Guidance for other variant exams – where available – is published on the ACCA website.
Examinations falling within the period 1 June to 31 March generally examine the Finance Act which was passed in the previous year. Exams falling in the period 1 June 2024 to 31 March 2025 will examine the Finance Act 2023 (which received Royal Assent on 10 January 2023) The Finance (No. 2) Act 2023 did not receive Royal Assent by the exam cut-off date of 31 May 2023, and is therefore not examinable as regards exams falling in the period 1 June 2024 to 31 March 2025.
The latest Finance Act which will be examined in TX-UK in examinations falling within the period 1 June 2024 to 31 March 2025 is the Finance Act 2023.
With regard to prospective legislation where, for example, provisions included in the Finance Acts will only take effect at some date in the future, such legislation will not normally be examined until such time as it actually takes effect. The same rule applies to the effective date of the provisions of an Act introduced by statutory instrument.
The following relevant articles have been published in Student Accountant and are also available on the ACCA website:
TX-UK:
The following articles are updated each year for changes in the Finance Act
The following supplementary instructions and tax rates and allowances will be reproduced in the exam in examinations in the period 1 June 2024 to 31 March 2025.
