Skip to content

ACCA Applied Skills · Taxation (UK) · The overall function and purpose of taxation in a modern economy

Which Finance Act will be examined in TX-UK for exam sittings falling in the period 1 June 2026 to 31 March 2027 and in June 2027?

The Finance Act 2025 is examined for TX-UK sittings from June 2026 to March 2027 and in June 2027. It received Royal Assent on 20 March 2025. ACCA generally examines the Act passed in the previous year for exams in the 1 June to 31 March period.

  1. AFinance Act 2024
  2. BFinance Act 2025Correct
  3. CFinance Act 2026
  4. DWhichever Finance Act is most recently announced in a Budget

Explanation

ACCA states that exams from 1 June 2026 to 31 March 2027 and in June 2027 examine the Finance Act 2025, which received Royal Assent on 20 March 2025. Finance Act 2024 is the previous year's Act and Finance Act 2026 is not the one specified. Budget announcements are not examinable until enacted.

Did you get it right without looking?

One question tells you little. A timed set on The overall function and purpose of taxation in a modern economy shows your real accuracy, how long you take and where you lose marks.

Practise The overall function and purpose of taxation in a modern economyFree diagnostic mock

More The overall function and purpose of taxation in a modern economy questions