by Neil Da Costa | Jul 24, 2023 | Uncategorized
VAT Deregistration is a popular area in the Advanced Tax exam. A VAT registered business can deregister voluntarily if the business expects taxable supplies (standard and zero-rated sales) in the next 12 months to be less than £83,000. Deregistration will take effect...
by Neil Da Costa | Jul 22, 2023 | Uncategorized
Sole trader trading losses are a popular area in the Tax and Advanced Tax exams. The trading loss must first be offset against total income in either the current tax year and the previous tax year. The claim is an all or nothing relief and cannot be restricted to...
by Neil Da Costa | Jul 22, 2023 | Uncategorized
I would like to wish all the ACCA students the very best of luck with their exam results tonight. You all worked hard and deserve some good news. Stay strong and expect the best. Never give in and never give up. Single company trading losses are a popular area in the...
by Neil Da Costa | Jul 8, 2023 | Uncategorized
It is natural for us to stay in our comfort zones and not stretch ourselves. Our brains are hardwired to seek pleasure and to avoid pain. When I lecture intelligent students, I frequently notice that they are only doing enough to get by. When sitting professional...
by Neil Da Costa | Jul 5, 2023 | Uncategorized
As a mental health wellness advocate, I think exercise is of crucial importance. It gives us that rush of endorphins and dopamine that makes us feel happy. Exercise also helps our bodies regenerate so if you are having a hard day (which happens to all of us) exercise...
by Neil Da Costa | Jul 5, 2023 | Uncategorized
One important area that confuses tax students in Advanced Tax and BPT is Vat on land and buildings. This is probably because a building can be either zero-rated, exempt or a taxable supply. To help you I have written an article on VAT on Buildings including the...
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