P6 - ATX (UK) | Smart Notes - FA21 by Aziz ur Rehman | till March 2023
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P6 - ATX (UK) | Smart Notes - FA21 by Aziz ur Rehman | from April 2022 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 P6 formulas and Rules. All the Formulas and Rules are presented and well described in your Study Text but it is a 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 P6 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. All the Relevant information and advice have been presented to you in this document. These should actually be Permanent notes for the P6 Candidates.
Core Topics of P6 Taxation
Income Tax
Corporate Tax
Capital Gains Tax
Value Added Tax
To grab ACCA Qualification, it is a must to Clear P6, 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 the assets.
Is P6 ACCA difficult?
Ammm... I would say NO! It would be acceptable if a student says P6 (Taxation) is time-consuming and lengthy rather than difficult.
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.
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 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, and service tax, etc.
What are the entry requirements for P6?
You just need to clear the First and Second Levels of ACCA to be eligible to sit for P6. There is NO other requirement.
Does Taxation is Similar to Management Accounting?
Of-course NOT! There is NO Link between Taxation and Management Accounting.
Is there any link between Taxation and Financial decisions and situations?
Of course, there is a relationship between them. There are many major taxes on financials or taxes on financial decisions which is why It is important to consider the consequences of taxes when financing a new project That responsibility is usually given to the project teams and project managers.
Does HMRC give tax advice to individuals and businesses and businesses in the impact?
Yes, they do!
Please notify HM Revenue and Customs ( HMRC)
You will typically need to do so over the telephone. For individuals and staff, including pensioners and people on welfare, you can call HMRC on the Tax Helpline at 0300 200 3300. (If you are living in UK.)
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