F6 - TX (UK) | Smart Notes - FA21 by Aziz ur Rehman | till March 2023
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F6 - TX (UK) | Smart Notes - FA21 by Aziz ur Rehman | till March 2023
will help candidates to remember Financial Act 2021 formulas and rules and do
well in the exam.
ABOUT THE AUTHOR
Mr. Aziz Ur Rehman is an ACCA and well-known educationalist
having more than 12 years of teaching experience in subjects of F3, F6, F7, P3
& P6 of ACCA along with subjects of Business Strategy, Business analysis
& Advanced Taxation of ICAEW. Apart from the aforesaid, Mr. Aziz-Ur-Rehman
is also involved in the preparation of books, notes, and other helping
material for different subjects of professional qualifications. He invites
feedback from students, visitors, and teachers to help make this publication
and others even better.
ACCA Candidates frequently fail to remember F6 formulas and
Rules. All the Formulas and Rules are presented and well described in your
Study Text but it is the difficult and lengthy process of writing and making
notes on your own about each and every Formula and Rule.
Aziz ur Rehman has made it easy for the F6 Candidates. He brought each
and every single rule and formula into a single document that will be easy for
the student to understand and remember.
With the help of the SMART Notes, you'll be well prepared for your Acca
exams and be able to handle exam questions well and you will enhance the
chances of grabbing your accountant qualification or professional
qualification. These should actually be Permanent notes for the F6 Candidates.
Core Topics of F6 Taxation
Income Tax
Corporate Tax
Capital Gains Tax
Value Added Tax
To grab ACCA Qualification, it is a must to Clear F6, you should
be prepared well above hot topics as well as you should be well aware of
Tax Revenue and its treatment.
Questions usually asked by ACCA Students
What do you mean by taxation?
Taxation is a term for a taxing authority, generally, a government, to levy or
impose a tax. The term "taxation" refers to all forms of unintended levies,
from wages to capital gains to taxes on assets.
Is f6 ACCA difficult?
Ammm... I would say NO! It would be acceptable if a student says
F6 (Taxation) is time-consuming and lengthy rather than difficult.
My own experience with F6 was Good. I prepared by myself and cleared on
First Attempt. I Advice you to keep your focus and prepare well in core areas.
You should touch on every part and topic of the syllabus, Doesn't matter if it
is 100% prepared or just half. Make the habit of revising.
Your mind should be like lithium batteries, which Means Rechargeable. When you
are tired from studying and practicing, Leave it for a while. Watch a movie
with your favorite actor i.e John Connor or a movie Terminator 3 rise of the
machines.
Learn about German Sociologist or Learn the Approach of Niklas Luhmann slip
box or Play Games or Go Out, Hangout with your Friends, Eat your favorite
food. That will help to Recharge your mind.
What is the purpose of taxation?
Governments tax, and levy mandatory levies on individuals or organizations.
Taxes are now levied in almost every single country on the planet, primarily
to boost revenue for state expenditures, although they serve other purposes
also.
What is tax and what are the types of taxes?
There are two sorts of taxes namely, direct taxes and indirect taxes. You pay
a number of them directly, just like the cringed tax, corporate tax, wealth
tax, etc while you pay a number of the taxes indirectly, like value-added tax,
sales tax, service tax, etc.
What is the difference between tax and taxation?
As nouns, the difference between taxation and tax is that taxation is the act
of imposing taxes and therefore the fact of being taxed while tax is money
paid to the govt aside from for transaction-specific goods and services.
How do I know if I've paid too much tax?
If you pay tax through the PAYE system you'll sometimes pay an
excessive amount of tax and notice this by watching your payslip or P800.
There are various reasons for this, but the foremost common was being given an
incorrect PAYE code - like one called emergency tax which you'll are
placed on once you start a new job.
How is tax calculated?
When the govt calculates your total taxable income, what they do, they deduct
your personal allowances as well as tax relief from your 'gross income'. this
is often the quantity you received before tax.
How many papers are there in ACCA?
The ACCA syllabus consists of 13 papers that are divided into 4 levels:
Applied Knowledge - 3 papers.
The Applied Skills - 6 papers.
The Strategic Professional - 6 papers. But you have to pass only four. 2 are
compulsory and 2 optional.
What are the entry requirements for F6?
You just need to clear the First Level of ACCA to be eligible to sit
for F6. There is NO other requirement.
Does F6 Taxation is Similar to F2 Management Accounting?
Of-course NOT! There is NO Link between Taxation and Management Accounting.
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1 Comments
Please upload FA21 exam kit too
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