Mock exam: VAT in practice
Questions from every module of VAT in practice.
20 questions, 30 minutes, no hints. Nothing is marked until you hand it in, then you see your score for each topic.
How a sitting works
- Every question is on one page, and the clock starts when you begin. You can change any answer until you hand the paper in, and it is handed in for you when the time runs out.
- Questions are drawn fresh each time, spread across every module the exam covers.
- Your result shows each topic, so you know which rooms to go back to.
- Score 70% or more to pass. Your first pass adds 100 marks.
What it covers
How VAT worksOutput tax and input tax, the three rates, what is exempt, who has to register, and how to take VAT out of a price.VAT invoicesWhat a VAT invoice has to show, the date its VAT falls due, the short form for small sales, credit notes and rounding.VAT in the booksFollow VAT from the day books and the cash book into the VAT control account, and deal with VAT that cannot be claimed.The VAT returnThe nine boxes of the UK VAT return: what goes in each one, how to work the figures out from the books, and who pays whom at the end.VAT schemes and rulesCash accounting, the flat rate scheme and annual accounting, how to put a mistake right, and the digital records that HMRC expects.
Questions
Is it free?
No. It needs Premium. The free rooms of VAT in practice are the place to prepare.
How long is it?
20 questions in 30 minutes. The paper is handed in when the time runs out.
What is the pass mark?
70%. Your first pass adds 100 marks to your record.
Are the questions the same each time?
No. Each sitting draws new questions, spread across the 5 modules it covers.
Is it a real exam?
No. It is a practice paper on Ledger Drill, which is independent and not affiliated with AAT. Passing it is not a qualification.