ICAEW ACA (Associate Chartered Accountant), Next Generation syllabus · Certificate Level
ICAEW TF Tax Fundamentals: mock exams and practice questions
151 original exam-style questions for ICAEW TF Tax Fundamentals, with full timed mock exams in the real format and an explanation for every answer. Free for everyone until 31 January 2027.
- 151practice questions
- 6syllabus areas
- 2 hoursfull mock, like the real exam
ICAEW TF exam format
2 hours, computer-based, on demand: 40 objective test questions × 2 marks plus two 10-mark scenario questions (income tax and NIC; corporation tax). Written to Finance Act 2026 (tax year 2026/27), which Fincora expects for 2027 sittings. Each question shows the tax-table figures it needs, as ICAEW's on-screen tax tables do. The pass mark is 55%.
| Section | Format | Marks |
|---|---|---|
| Objective test questions | 40 questions × 2 marks: multiple choice, multi-part multiple choice, multiple response and numeric entry | 80 |
| Scenario questions | 2 × 10-mark scenarios, one on income tax and NIC and one on corporation tax, each answered as 5 tasks | 20 |
| Total | 100 |
Syllabus areas covered
- 1 · Objectives, types of tax and ethics16 questions
- 2 · Administration of taxation30 questions
- 3 · Income tax and NIC33 questions
- 4 · Capital gains tax and inheritance tax21 questions
- 5 · Corporation tax and company gains24 questions
- 6 · VAT and stamp taxes27 questions
Try 2 free ICAEW TF questions
Real Fincora questions, with the full explanation. Sign up free for the full bank and timed mocks.
Sample question 1 · 1 · Objectives, types of tax and ethics
Which of the following is one of HMRC's stated objectives for Making Tax Digital (MTD)?
- A To raise extra revenue by charging higher tax rates to businesses that keep paper records
- B To move the payment dates for self-assessment tax closer to the end of each tax year
- C To reduce the tax gap by cutting the avoidable errors that arise from manual record keeping
- D To remove the need for businesses to keep records by collecting their data from banks
Show the answer
Answer: C. HMRC's objectives for Making Tax Digital are to:
- reduce the tax gap, much of which comes from avoidable errors in manual records;
- make tax administration more efficient and effective for taxpayers and HMRC;
- bring information closer to real time (for example, quarterly updates under MTD for Income Tax).
Taxpayers keep digital records and send returns or updates through compatible software. MTD changes neither tax rates nor payment dates, and it does not remove the duty to keep records (Income Tax (Digital Requirements) Regulations 2021; VAT MTD rules).
Sample question 2 · 6 · VAT and stamp taxes
Which of the following supplies is exempt from VAT?
- A A child's car seat sold by a baby-goods retailer
- B Construction of a brand-new house by a builder
- C A hot pasty sold from a takeaway food counter
- D Medical treatment provided by a registered doctor
Show the answer
Answer: D. Exempt supplies include insurance, financial services, most education, health and welfare, and residential letting (VATA 1994 Sch 9). Medical care by a registered doctor falls within the health exemption.
The other supplies are taxable: children's car seats at 5% (Sch 7A), new house construction at 0% (Sch 8) and hot takeaway food at 20% (it is excluded from the zero rate for food).
Practise ICAEW TF the way you'll sit it
Timed mocks, a question navigator and flags, then your score by syllabus area so you know what to revise next.