TX Retires June 30, 2027: Transition Guide

What This Exam Validates

Taxation (TX/F6) is an ACCA certification covering the principles of tax systems. It examines personal income tax, corporate tax, capital gains tax, and VAT. This linear exam uses objective test questions and constructed response tasks to assess technical knowledge. As this exam is scheduled for retirement on 2027-06-30, candidates are directed toward the successor, E1 (Managing Finance in a Digital World), for their professional development path. This assessment ensures that all candidates demonstrate the necessary proficiency in tax regulations required for modern accounting roles within the global financial sector.

Who Should Take This Exam

This exam is for accounting students and professionals seeking to demonstrate proficiency in tax regulations. It is suitable for those pursuing the ACCA qualification who need to master tax computations and compliance before the exam retires in 2027.

Skills You Should Be Ready to Demonstrate

• Personal income tax calculation
• Corporate tax assessment
• Capital gains tax reporting
• VAT compliance and administration

How to Prepare Before Retirement

To prepare, use current revision kits from ACCA-approved publishers to practice objective test questions and constructed response tasks. Watch official lectures and review technical articles to understand tax changes. Since the exam is a 180-minute linear assessment, consistent practice with exam-standard questions is necessary to reach the 50 percent passing score. Ensure you are ready for the retirement date of 2027-06-30 by completing all required study modules well in advance of the final deadline.

Domain Study Guidance

Personal income tax: Study Guidance

This domain covers the taxation of individuals, including income sources, allowances, and the calculation of personal tax liabilities. Candidates must demonstrate a clear understanding of how these specific tax rules apply to various personal financial scenarios and individual taxpayer obligations.

• Income tax computations
• Personal allowances

Corporate tax: Study Guidance

This domain focuses on the tax obligations of limited companies, including the calculation of taxable profits and corporate tax liabilities. Candidates are expected to master the technical requirements for reporting company profits and ensuring compliance with all relevant corporate tax regulations.

• Corporate tax calculations
• Company tax returns

Capital gains tax: Study Guidance

This domain addresses the taxation of gains arising from the disposal of assets by individuals and corporate entities. It requires candidates to accurately compute chargeable gains and understand the reporting requirements associated with the disposal of various types of business assets.

• Chargeable gains
• Asset disposals

VAT: Study Guidance

This domain covers the administration and calculation of Value Added Tax, including registration requirements and return submissions. Candidates must be proficient in managing VAT compliance, calculating tax liabilities, and understanding the administrative processes involved in maintaining accurate VAT records for businesses.

• VAT registration
• VAT returns

Exam-Day Guidance

Arrive prepared for a 180-minute linear exam. Manage your time effectively across objective test questions and constructed response sections to ensure you meet the 50 percent passing score requirement for this professional certification, which remains valid until the retirement date.