The ACCA Taxation (TX) exam, a part of the Applied Skills level, provides you with the understanding and skills to interpret and utilize tax regulations in real-world business situations. It's crucial for careers in accounting, finance, and consulting.
📘 What You’ll Study
The TX curriculum covers:
🇬🇧 UK Tax System (or relevant version)
Taxation principles and management
Personal income tax
Corporate income tax
Tax on capital gains
Estate tax (if relevant)
Value-added tax and other taxes on spending
🧮 Tax Calculations
Figuring out taxable earnings and tax dues
Using allowances, exclusions, and reductions
Understanding due dates and fines
📋 Ethics & Regulations
Duties of taxpayers and consultants
Rules against tax dodging
Ethical behavior in tax work
🧪 Exam Structure
Section A: 15 multiple-choice questions (2 points each)
Section B: Three case study-based questions (10 points each)
Section C: Two extended questions (20 points each), usually including complex tax calculations and guidance
📚 Learning Materials
ACCA’s Taxation learning center
Kaplan and BPP textbooks and review materials
ACCA Practice Platform for practice tests
Official reports and specialist articles
💡 Tips for Doing Well
Remember key rates and limits—they’re vital for correct calculations.
Practice analyzing situations and applying tax laws logically.
Grasp how different taxes relate to each other, particularly for individuals and businesses.
Use memory aids and summaries to remember intricate rules.
