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ACCA Strategic Professional · Advanced Taxation (UK) · Statutory obligations, time limits and the implications of non-compliance

Which statement about the Finance Act examined in ATX-UK for sittings from June 2026 to June 2027, as set out in the ACCA examinable documents, is correct?

The Finance Act 2025, which received Royal Assent on 20 March 2025, is examined for sittings from June 2026 to March 2027 and in June 2027. Prospective legislation is not normally examined until it actually takes effect.

  1. AThe Finance Act 2026 is examined for all sittings in the period
  2. BThe Finance Act 2025, which received Royal Assent on 20 March 2025, is examinedCorrect
  3. COnly the Finance Act 2024 is examined until March 2027
  4. DProspective legislation is examined from the date the Finance Act is passed even if it takes effect later

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. Prospective legislation is not normally examined until it takes effect, so the last option is wrong.

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