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Post Info TOPIC: I hate VAT


Senior Member

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I hate VAT


How can something that sounds so simple like Value Added Tax be so damn complicated (on a train and decided to have a moan)

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Doug

These are only my opinions of how I see things and therefore should not be taken as advice



Master Book-keeper

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Surely if you are on a train Doug, then you have bigger things to gripe about! Trains!

Although if you dont get them very often they can be a novelty.

I prefer VAT to trains!

Do you have an exam by any chance?

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Joanne McCormick

Fallows Hall Ltd

Winner - Bookkeeper of the Year 2015, 2016 and 2017

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.



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Cheshire wrote:

I prefer VAT to trains!

Do you have an exam by any chance?


Hi Joanne

Yes, had the exam this morning so the train was homeward bound, at the moment I prefer trains to VAT

Only got (hopefully if I passed today) the CBE for Law to do, and absolutely dreading it !!!



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice



Master Book-keeper

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Well at least you sound (almost) confident about this mornings. Sure you would have smashed it.

I love Law, wish I had followed that route when I was 18!



-- Edited by Cheshire on Wednesday 2nd of May 2018 05:03:35 PM

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Joanne McCormick

Fallows Hall Ltd

Winner - Bookkeeper of the Year 2015, 2016 and 2017

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.



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Cheshire wrote:

I love Law, wish I had followed that route when I was 18!


Ah, wouldn't that be great to have the knowledge that we all have now but to have been able to implement it then.

Maybe we should start a new post for if you were 18 again what would you do different? (work related only!)



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice



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I hope you have passed.
(I love VAT!)

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leshoward wrote:

I hope you have passed.
(I love VAT!)


Hi Les, cheers

Spent most of yesterday travelling on trains and being delayed so now decided that I prefer VAT again biggrin



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice



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Best of luck for when your results come through!! How was it?

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Duane wrote:

Best of luck for when your results come through!! How was it?


Cheers Duane

It was quite intense, 3 hours for an exam sounds like a long time but it always seems to fly by especially as it is all written which has never been a strong point for me, even worse is the 10 week wait for the result!

How are your studies going? Have you started CTA yet?



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice



Forum Moderator & Expert

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lol Doug,

takes me back to my papers. 3 hours never goes as fast as those sitting in the exam hall.

I'll be keeping my fingers and toes crossed for you,

All the best,

Shaun.

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Shaun

Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.



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Hi Doug,

Yes, I'm currently reading the CTA OMB Advisory paper.

It's a beast.

I'd say the key is knowing how to use the legislation, rather than trying to learn the entire syllabus as it's so vast.

As you'll be ATT qualified soon :) you'll have a great grounding to move on to the CTA papers.

The ATT is the equivalent of all of the ICAEW's tax papers - that's subjective, but..

If you want a middle paper between ATT and the CIOT then read ACCA's P6 - it's more advanced than the ICAEW's papers. I know it is so as I have read it whilst travelling to work.

Tax is hard, but it is the most interesting aspect of our profession - I'm biased of course!




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Senior Member

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Cheers Shaun

Hi Duane

Thanks for the information, yes I will move onto to CTA at some point but at the moment just going to do Law in the summer and then have a bit of a break from study (well that's the plan)

I have had a look at the CTA past papers and the Awareness ones seem pretty much the same as ATT however as you say the Advisory papers seem so much more involved and certainly more of a challenge

Good luck with your studies and let us know how you get on, are you sitting OMB in November?



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice

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