ICAEW.com works better with JavaScript enabled.

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.

laptop with dividers no bg

Exam guidance

We are here to support you throughout your ICAEW CFAB 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 centre guidance and remote 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.  

Important information for exams 2024

Following the Chancellor’s announcements on 23 September, we can update you as follows in relation to materials and approach for ICAEW Tax exams during 2023.

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

Principles of Taxation will be tested based on the learning materials content and the on-screen tables, and students should answer based only on these.

Exam study support

Headphones
Desktop
Blocks
Laptop
Books
Exclusive
Resources

Principles of Taxation: your guide to common mistakes - webinar

In this webinar Kaplan tutor, Nikkie Floater, discusses common mistakes students can make during the exam and how to avoid them.
Watch here
Exclusive
Resources

Introduction to the Principles of Taxation exam

In this guide we will cover how to prepare to retake the Principles of Taxation exams what to expect when sitting the exam and how to prepare for your retake.
Read more
Exclusive
Resources

Tips for success

In this guide we introduce some tips for success to help you master the Principles of Taxation exam.
Read more
Exclusive
Resources

Retaking the Principles of Taxation exam

In this guide we will cover how to prepare to retake the Principles of Taxation exams including reviewing what went wrong and how to prepare for your retake.
Read more
Resources

Library

Access our leading business library, providing a huge range of resources for you.
Library and Information service resources