ACA Professional Level: Business Planning: Taxation Practice Test
This exam retires on Wednesday, September 30, 2026.
ICAEW lists Fundamental Case Study as a related current path, not a direct replacement; a practice exam for it is not available yet.
The ACA Professional Level: Business Planning: Taxation Practice Test is a focused assessment designed for candidates pursuing the ICAEW Chartered Accountant qualification. This exam tests your ability to apply core UK tax principles to realistic business scenarios, with an emphasis on planning and decision-making. It covers Capital Gains Tax (CGT) for individuals and companies, Corporation Tax, Income Tax and National Insurance for owner-managed businesses, Stamp Taxes and other indirect taxes, and Value Added Tax (VAT). The test requires you to compute tax liabilities, identify reliefs and exemptions, and advise on tax-efficient structures. It is intended for trainees who have completed the Certificate Level and are progressing toward the Professional Level. By taking this practice test, you will gain confidence in applying technical knowledge under timed conditions, improve your ability to interpret complex tax rules, and develop the analytical skills needed to advise clients or employers on tax planning. The content mirrors the style and difficulty of the actual ACA exam, making it an essential tool for final preparation.
Sample Questions
Try a few questions to see what the full exam is like.
A business supplies goods in a barter transaction. How should the VAT tax value of the supply be determined?
After a VAT rate change, a business receives a supplier invoice charging VAT at the old rate. At what rate should it reclaim input tax?
For VAT purposes, goods are supplied on sale or return terms and the customer has not adopted them. Who owns the goods during that period?
Until a customer adopts goods supplied on sale or return, what right does the customer normally have?
A customer pays partly in cash and partly by part exchange. Which VAT valuation approach is normally required?
Why This Certification Opens Doors
Tax planning directly impacts business profitability, cash flow, and compliance risk. In practice, a miscalculation of CGT on a share sale or an incorrect VAT treatment can cost a client thousands in penalties or missed reliefs. This practice test bridges the gap between textbook knowledge and real-world application. It trains you to think like a tax adviser, evaluating options such as incorporation relief, entrepreneurs' relief, or group relief for companies. Mastery of these topics is not just about passing an exam; it is about delivering accurate, strategic advice that helps businesses minimise tax liabilities legally. For owner-managed businesses, understanding the interplay between Income Tax, National Insurance, and dividend taxation is critical for structuring remuneration. This test ensures you can handle these decisions with precision.
Recommended
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Exam Blueprint
Each domain is weighted to match the real certification exam, so a full practice simulation predicts your result.