ACCA Applied Skills · Taxation (UK) · Principal sources of revenue law and practice
Exams in TX-UK falling in the period 1 June to 31 March generally examine the Finance Act passed in which year relative to the exam?
Exams in the period 1 June to 31 March generally examine the Finance Act which was passed in the previous year. For example, the Finance Act 2025 is examined in sittings from June 2026.
- AThe same year as the exam
- BThe previous yearCorrect
- CTwo years before the exam
- DThe following year
Explanation
The examinable documents state that exams in the period 1 June to 31 March generally examine the Finance Act passed in the previous year. Using the same year's Act would be wrong because it would not yet usually be passed.
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