This comprehensive and popular annual textbook provides students of UK taxation with a thorough knowledge of:

• Income tax
• Corporation tax
• Capital gains tax
• Inheritance tax
• Value added tax

The book provides numerous illustrative examples of the practical operation of statute and case law and provides a wide variety of end-of-chapter questions for self learning.

The book is aimed at students studying for both University degree programmes incorporating courses in UK taxation and also students studying tax courses for professional qualifications in accounting, banking, management and taxation. Past exam questions, with solutions, are provided in the text from the ACCA, CIMA and CIOT examinations.

In this new edition -

This edition has been updated for all those provisions of the Finance Act 2006 that relate to the tax year 2006/07. In particular, it incorporates all the personal tax rates, allowances and reliefs, together with changes for self employed businesses, employment tax rule changes, new pension scheme arrangements and VAT changes. It also includes the impacts of the removal of the corporation tax starting rate.

Author's information - Peter Rowes BSc(Econ), FCA, ATII is a Chartered Accountant specialising in taxation. He formerly lectured at the University of Wolverhampton and worked in practice as a tax specialist for many years. Richard Andrews BA(Hons), MSc, FCCA and Alan Combs BA, MSc, FCCA are both Senior Lecturers in Accounting at Leeds Metropolitan University.