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05 September 2018

Latest feedback from the TX, ATX and SBL exams

Taxation (TX)
It was all quite on the Taxation paper front this September, it seems. Most sitters felt it was ‘OK’, ‘doable’, and then ‘wasn’t bad’. One sitter said: “IHT, CGT and CT seemed to be the flavour of the day.” Even section C was deemed easy! Let’s hope this all translates into a good pass rate.

Advanced Taxation (ATX)
In complete contrast to the TX exam, the ATX test flummoxed many. Words such as ‘quite hard’, ‘’very tough’, and ‘absolutely horrible’ were all used. The problem seems the examiner chose what students felt were more obscure, niche, parts of the syllabus. “I wanted more IHT and employment income,” explained one sitter. The sale of a company at a loss threw many. That all said many still felt it was better than the June exam!

Strategic Business Leader (SBL)
The first-ever SBL exam was all about a road construction company. Many students were worried that they placed too much store in the specimen papers, and one student even suggested it felt more like sitting an audit paper.
The question centred-in on strategy, financial and non-financial issues, ethics, control, project management, risk committees and big data.
The PID question definitely made it uncomfortable for many sitters.
But, it wasn’t all negative comments. Some thought it was just hard because it was the first one. Another PQ told us it was “not a bad paper”.

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