Important Updates to the MCT Course (March 2016)
An important update to the MCT course will be released next week, covering various aspects on the English Legal System, Constitutional Law, Torts, Criminal Law, and other legal areas.
Additionally, we are planning to release a major update to the MCT course during April/May 2016, which will cover the new allowances and tax rates for the 2016-17 tax year which have been recently announced by the UK Government. Some of the allowances are ‘newcomers’ to the UK tax system and greatly affect the traditional grossing up mechanism used so far to calculate the tax due (e.g., Personal Savings Allowance and Dividend Allowance). The April/May 2016 update will also cover various provisions of the Small Business, Enterprise and Employment Act 2015 (SBEEA) which will come into force in April and June 2016 (e.g. the new PSC register).
The updated content will be relevant to the next MCT which is scheduled for July 2016 (and beyond), so it’s essential that you log in to your online account and carefully read through the documents once released. We will also include new practice questions in the MCT Online Training System covering these new and updated areas of law, to help you better understand the implications of the new laws. The updated content will be provided at no additional cost to all of our registered candidates.
According to the information conveyed to us by Kaplan a couple of weeks ago, candidates sitting the July 2016 and February 2017 MCT assessments would be expected to know something about the taxation rules for both the 2015/16 and 2016/17 tax years. Hence, Kaplan do not limit their testing of taxation issues to a single tax year for the QLTS assessments. The practice questions and 15 mock exams will reflect these guidelines. You are also reminded that unless otherwise stated in advance by Kaplan, candidates are assessed on the law in force at the time of the assessment.
Understating the new laws and their implications is therefore imperative and could be the difference between failure and success in the MCT assessment.
If you are not signed up yet for QLTS School MCT Course, check our MCT course packages to ensure you are well prepared for the assessment.
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