Examiner’s Report TX-UK

Overview: TX-UK covers the UK tax system, including income tax, corporation tax, capital gains tax, inheritance tax, and VAT. It emphasizes the practical application of tax rules and computations.
Exam Format: A 3-hour and 15-minute computer-based exam with:
- Section A: 15 multiple-choice questions (2 marks each).
- Section B: Three 10-mark questions on specific tax areas.
- Section C: Two 20-mark constructed response questions involving detailed tax computations and advice.
Pass Rate: 54% (December 2024)
Key Insights: TX-UK requires not only technical knowledge but also the ability to apply tax rules to various scenarios. Regular practice with past exam questions is crucial for success.