Which variant of ACCA F6 taxation should I select?

By
Hasaan Fazal
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ACCA offers different variants in certain subjects. The reason for having different variations or variants in subjects is because of the different legal system or business practices.

ACCA F6 Taxation is one of those subjects in which students have many options and can select the one that best suits the student. Following are the different variants of F6 with their corresponding syllabi.

ACCA has designed the syllabus of different variants in such a way that professional accountants living in different countries are able to get a good grasp of taxation concepts applicable in a particular country.

Now many students reach us and ask the same question i.e. which one is better among these. Students must realize that these variants are not connected with each other and thus cannot be compared or contrasted in any way. These are legislation of different countries and as one country’s tax rules are not applicable on other countries, the same way here in the ACCA syllabus they cannot be considered equal or better or any less than the other.

However, if students are worried about which is the easiest of all then it depends on factors other than the tax rules itself. Tax rules are made to regulate the taxation system in a country without thinking whether the tax law will be easy for the students to be understood. Students must understand that they are professionals and must think like professionals and must not be asking these questions. As after all people will be paying you after you are done just because you know something that is not understood by your clients.

In my opinion, students must always go with their local taxation system. The reason why I am saying this is if you can understand your local laws and how the whole framework is running then you can understand the taxation system of any country. Students must always go for their local variant as most of the time they will be working in local firms or at least will start from their and so they will have the whole scope available to them to work as a tax consultant ultimately in the local market.

But if you are living for example, in Pakistan are doing UK variant, then you might face problems in local market to find a taxation job or at least a vacancy for apprenticeship. If you are not moving to UK then there is no point in doing UK variant while living in Pakistan as rules are way different and also the tax practices.

Lastly, students must not limit their thinking only until the exam but they should also understand that future of country rests on their shoulders. If the professionals of future are not taking steps to become actively involved in country’s legal system and will not be helping in any way in the future then there is a possibility then even after having so many professionals in a country we still have to hire foreign tax consultants. Thus, complete failure of the purpose of having professionals.

3 COMMENTS

  1. You forgot that many people are studying toward the ACCA in countries that are not represented in taxation’s exam available version… So the question seems justified as you just won’t use the UK laws in your day to day job (neither any other system available).

  2. Can’t one take both global as well as local variant, say initially do in local and later global?
    Second. What about availability of study material, books, cds, online lectures etc for Pakistani version, I assume many are not taking because lack of availability (or fear of it) of study material for Pak version.

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