VAT capital goods scheme

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VAT capital goods scheme

Postby LMLM » Thu Apr 30, 2009 12:53 pm

ok so can ANYONE explain this in plain english to me? i can tell by the fact it only takes up 1 section in 1 chapter in the book (in BPP book it's chapter 29, secion 5) but ive read it through several times and my boss says he doesnt really understand it either!!! i cant imagine its v likely to come up, but you never know.......
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Re: VAT capital goods scheme

Postby Starfish » Thu Apr 30, 2009 12:58 pm

I'm sure it came up in June 2008. Have a look at the paper and the answer it may help.
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Re: VAT capital goods scheme

Postby LMLM » Thu Apr 30, 2009 1:35 pm

oh really! would that paper be somewhere online for free then?
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Re: VAT capital goods scheme

Postby lulabelle » Thu Apr 30, 2009 2:13 pm

Hi

They are on the ACCA website, those for the new syllabus anyway, follow as below...

ACCA Homepage < Students < Study, exams & exemptions < Exam paper resources < ACCA Qualification < The ACCA Qualification < Professional level < P6 Advanced Taxation (you'll have to choose the variant) < Sample exam papers

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Re: VAT capital goods scheme

Postby LMLM » Thu Apr 30, 2009 3:23 pm

COOL THANKS :D think i need to print out some of them tho i bet some questions are in the BPP book - ive not even started the revision book yet, thank god it's a bank hol wkend, i can get onto it!
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Re: VAT capital goods scheme

Postby Starfish » Thu Apr 30, 2009 3:50 pm

COOL THANKS :D think i need to print out some of them tho i bet some questions are in the BPP book - ive not even started the revision book yet, thank god it's a bank hol wkend, i can get onto it!


If you have a kit for 2009 then I would use that as the answers should have been updated for the new finance act.
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Re: VAT capital goods scheme

Postby LMLM » Thu Apr 30, 2009 4:06 pm

yes good point! they will keep meddling with all the tax bands/rates etc lol

im also wondering if we get any credit for commenting on developments since books were written, eg 15% VAT change, latest budget details - ie saying (if we are told to assume future rates will stay unchanged) that infact in the future someone will be worse/better off for whatever reason. or should we assume the future doesn't exist, so to speak? im hoping to crowbar in the Arctic Systems case if i can, for example
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Re: VAT capital goods scheme

Postby Bluewednesday » Thu Apr 30, 2009 6:40 pm

I will be amazed if you have time to add anything extra! This paper is so time pressured you will be lucky to finish let alone add extras
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Re: VAT capital goods scheme

Postby LMLM » Fri May 01, 2009 12:32 pm

yes i know i was v unhappy with the unfinished state of my first mock the other day - doing the 2nd one in 9 days time, argh! i just think it helps reflect you read up on current events if nothing else! im gonna be ruthless and strike out bits i dont like during the 15 mins reading time i think, help cut down on dithering!
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Re: VAT capital goods scheme

Postby Bluewednesday » Fri May 01, 2009 3:19 pm

My mocks always ran over time as well so I know how you feel!

Are you doing any courses for this one at all or are you doing it all homestudy?
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