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

Which of the following is a Student Accountant article listed as relevant to TX-UK and updated each year for changes in the Finance Act?

Value added tax (Parts 1 & 2) is among the articles updated each year for Finance Act changes, alongside inheritance tax, chargeable gains, groups, benefits and cars. The other options are relevant articles but not on that annually updated list.

  1. AObjective test questions
  2. BAdjustment of profit questions
  3. CValue added tax (Parts 1 & 2)Correct
  4. DHigher skills

Explanation

The examinable documents list Inheritance tax, Chargeable gains, Value added tax, Groups, Benefits and Cars as articles updated each year for Finance Act changes. Objective test questions, Adjustment of profit questions and Higher skills are relevant articles but are not in the annually updated list.

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