Get clarity on UK taxation rules and policies for the year 2022. Taxation, 28th Edition,by Melville, updated with the Finance Act 2022, is the definitive, market-leading text on UK taxation, known for its comprehensive coverage of the changes introduced by the annual Budget 2021 and Spring Statement 2022. This widely popular guide features clear, well-structured content and a wealth of new and revised practical examples and exercises. It serves both as a core textbook if you are studying taxation for the first time, and a reference text that clearly explains the UK tax system and taxation regulations. The new edition brings the book completely up to date with taxation changes, including:
Increases in rates of NICs and dividend tax
Health and Social Care Levy
Basis period reform
AIA of £1m extended for 15 months
CGT reporting deadline for residential property
Employment allowance raised
Reintroduction of CT marginal relief
Abolition of cross-border group relief
VAT zero rate on energy-saving materials
This text will be of value to both undergraduate and graduate students of accounting and finance, and will be particularly useful for students preparing for the following examinations:
ICAEW Certificate Level, Principles of Taxation; ACCA Applied Skills Level, Taxation; ACCA Technician Scheme, Foundations in Taxation; CIPFA PQ, Taxation; CIPFA PAQ, Tax and Law; AAT Professional Diploma, Personal Tax and Business Tax; ATT Certificates, Personal Taxation and Business Taxation; AIA Professional Level 1, Taxation; IFA Personal Taxation, Business Taxation.
This edition also includes a Companion Website featuring opportunities for extra practice, chapter appendices, and a range of useful links that further explore UK taxation rules and the tax system.
Pearson, the world's learning company.
Preface Acknowledgements Summary of tax data Part 1 Income Tax and National Insurance
Introduction to the UK tax system
Introduction to income tax
Personal allowances
Payments and gifts eligible for tax relief
Income from property
Income from savings and investments
Income from employment (1)
Income from employment (2)
Income from self-employment: Computation of income
Income from self-employment: Basis periods
Income from self-employment: Capital allowances
Income from self-employment: Trading losses
Income from self-employment: Partnerships
Pension contributions
Payment of income tax, interest and penalties
National Insurance contributions
Part 2 Capital Gains Tax
Introduction to capital gains tax
Computation of gains and losses
Chattels and wasting assets
Shares and securities
Principal private residence
CGT reliefs
Part 3 Corporation Tax
Introduction to corporation tax
Corporate chargeable gains
Computation and payment of the corporation tax liability
Corporation tax losses
Close companies and investment companies
Groups of companies and reconstructions
Part 4 Miscellaneous
Value added tax (1)
Value added tax (2)
Inheritance tax
Overseas aspects of taxation
Part 5 Answers Index