[...]... Answer all parts of the question – leaving out a five mark part may be the difference between a pass and a fail Introduction xi The exam paper The syllabus is assessed by a paper- based examination The time allowed is 3 hours with 15 minutes reading and planning time The paper will be predominantly computational and will have five questions, all of which will be compulsory • Question one will focus on income... opportunity to test all major areas of the syllabus on every paper Practise as many questions as you can under timed conditions – this is the best way of developing good exam technique Make use of the Question Bank at the back of this Text BPP's Practice and Revision Kit contains numerous exam standard questions (many of them taken from past exam papers) as well as three mock exams for you to try Answer... liabilities xii Introduction Syllabus and Study Guide The F6 syllabus and study guide can be found below Introduction xiii xiv Introduction Introduction xv xvi Introduction Introduction xvii xviii Introduction Introduction xix xx Introduction Introduction xxi xxii Introduction Introduction xxiii xxiv Introduction Introduction xxv Analysis of past papers The table below provides details of when each element...x Introduction 1 What F6 is about The UK tax system The syllabus introduces the rationale behind – and the functions of – the tax system The taxes It then covers the main UK taxes which apply to individuals and businesses Income... you should be able to discuss the broad features of the tax system In the following chapters we will consider specific UK taxes, starting with income tax If you want to get free study material of CAT, ACCA, CIMA, CFA, CIA visit : freefor911.wordpress.com ebooks2000.blogspot.com 3 Study guide Intellectual level A1 The overall function and purpose of taxation in a modern economy (a) Describe the purpose... suppliers Within that overall proportion left in the private sector, the government uses tax policies to encourage and discourage certain types of activity If you want to get free study material of CAT, ACCA, CIMA, CFA, CIA visit : freefor911.wordpress.com 4 1: Introduction to the UK tax system ⏐ Part A UK tax system It encourages: (a) saving on the part of the individual, by offering tax incentives such... employers, employees and the self employed Further details of all these taxes are found later in this Text The other taxes referred to in the previous section, such as landfill tax, are not examinable at F6 6 1: Introduction to the UK tax system ⏐ Part A UK tax system Finance Acts are passed each year, incorporating proposals set out in the Budget They make changes which apply mainly to the tax year ahead... there is a very strong public interest justification There are provisions regarding the exchange of information between European Union Revenue authorities If you want to get free study material of CAT, ACCA, CIMA, CFA, CIA visit : freefor911.wordpress.com 8 1: Introduction to the UK tax system ⏐ Part A UK tax system 3.3.2 Other countries The UK has entered into double tax treaties with various countries, . Learning Media is the sole ACCA Platinum Approved Learning Partner – content for the ACCA qualification. In this, the only Paper F6 study text to be reviewed. The F6 examiner The examiner for this paper is David Harrowven. He has been the examiner for this paper since 2007 and a tax examiner with the ACCA