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Important Updates to the MCT Course (April 2016) Now Available

An important and comprehensive update to the MCT course was released today by QLTS School. We would like to thank our tutors who have been working diligently for the last two months to make sure this update becomes available to candidates shortly after the commencement of the 2016-2017 tax year.

The update (a 30-page document) covers the new allowances and tax rates for the 2016-17 tax year which came into force a couple of weeks ago. Some of the new allowances that have been introduced are the Personal Savings Allowance (up to £1,000 for basic tax rate payers and up to £500 for higher tax rate payers), and the Dividend Allowance (first £5,000 of dividend income is tax free regardless of the level of income).

The update covers additional topics which have been amended and are relevant to the July 2016 MCT assessment (and beyond). It is therefore an essential document for anyone planning to sit the MCT this July or in February 2017.

The practice questions, mock tests, revision notes, tax calculation templates and tax rates sheet have all been updated to reflect the new rates and allowances. The updated content is available at the MCT Online Training System at no additional cost to all our registered candidates.

We remind you that 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.

Your understating and ability to apply the new rates and allowances in practice are therefore imperative and could be the difference between failure and success in the MCT assessment.

If you are already signed up for the MCT course, login now to your online account and access the updated content.

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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