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Principles of Taxation

The Principles of Taxation exam has 42 questions. 40 questions (80% of the overall marks) are presented in the form of multiple-choice, multi-part multiple-choice, multiple-response or numeric entry. Two questions are scenario-based (worth 20% of the overall marks, 10% each), each question will cover a single syllabus area: income tax and NIC, and corporation tax.

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Exam guidance

We are here to support you throughout your ACA journey to ensure you have everything you need for your upcoming exam, from exam resources to free and confidential wellbeing support from CABA. Ensure you are fully prepared by reading our exam guidance prior to your exam.

Exam preparation

The Principles of Taxation sample exam has been provided to demonstrate the format of the objective test questions that you can expect within the exam - please note this is not intended for use as a mock exam.  

Sample assessments are created using the questions shown in the mock exam guidance notes found at the back of the published question banks.

Important information for exams 2023

Following the Chancellors’ announcements in the last few months of 2022, we can update you as follows in relation to materials and approach for ICAEW Tax exams during 2023.

All students will be expected to answer 2023 exam questions based on the information in the 2023 learning materials.

For the Principles of Taxation (PoT) exam questions should be answered based on rates and allowances shown in the learning materials and the PoT tax tables.

For the Tax Compliance exam questions should be answered based on rates and allowances shown on the supplementary information sheet (link below) and those in Hardman’s Tax Rates and Tables book.  Where there is conflict between the supplementary information and Hardman’s, then students should use the supplementary information in answering exam questions. The supplementary information sheet will be available as a resource in the exam (in the same way as Hardman’s is a resource).

For Business Planning: Taxation (BP:T) exams you should answer your questions based on rates and allowances shown in the learning materials.

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