Taxation

Market:
The book will be of value to both undergraduate and professional students of business and accounting, and will be particularly suitable for students preparing for the following examinations:
ICAEW Technical Core 1, Taxation; ACCA Certificate Stage, The Tax Framework; ACCA Technician Qualification Level C, Preparing Tax Computations and Returns; CIMA Stage 3 Business Taxation; ATT Associateship, Personal and Business Taxation; AAT Technician Stage, Preparing Personal and Business Tax Computations; AIA Foundation Stage, Auditing and Taxation; I ComA Level 2, Taxation 1; CIB Associateship, Taxation.

Key features

• Revised annually in line with the provisions of the (yearly) Finance Act.
• Ensures that students are always offered up to date and accurate information.
• Recommended by a number of professional accounting bodies, such as ACCA, AAT and CIMA.
• Students can be sure the material is authoritative and relevant to their needs.
• "One can confidently assert that a student should be able to tackle any tax exam after studying from this book" - ACCA Students' Newsletter, July 1998
• Students know that other students have found this textbook meets their needs.
• Comprehensive coverage of both personal and business taxation in the UK, including income tax, capital gains tax, corporation tax, inheritance tax and VAT.
• Students get a broad overview of the subject by buying just one volume.
• The clear explanations are supported by large numbers of worked examples and question and answer sections, and each chapter ends with a set of exercises.
• The book makes the sometimes complex material more easy to assimilate, and the regular exercises check on progress and aid understanding.
• Contains four sets of review questions, one at the end of each Part, drawn from past exam papers of the professional accounting bodies. As for the chapter exercises, solutions are also provided.
• Allows students convenient access to realistic exam-type applications of what they have learnt.
• Author, Alan Melville FCA BSc Cert. Ed. is a Senior Lecturer with many years' experience of teaching taxation.
• The reader benefits from the author's longstanding expertise in helping students understand this topic.
• Instructor's manual available.
• Helps the teacher to get the very best out of this highly regarded textbook.
• Compared with Rowe's Taxation (Letts), Melville has more examples and question and answer sections. Melville is more accurate, and is more focused on covering the most important topics well. It is published earlier in the year.
• Compared with Nightingale's Taxation: Theory and Practice (PE), Melville offers a more practical treatment, and is less concerned with theoretical and historical issues.
• James & Nobes' The Economics of Taxation (PE) is a higher-level, more specialist and theoretical book that appeals more to economics students.

• 1. Introduction to the UK tax system
• 2. Introduction to income tax
• 3. Personal allowances
• 4. Charges on income and other payments
• 5. Income from property
• 6. Investment income and miscellaneous income
• 7. Income from employment
• 8. Income from self-employment: Computation of income
• 9. Income from self-employment: Basis periods
• 10. Income from self-employment: Capital allowances
• 11. Income from self-employment: Trading losses
• 12. Income from self-employment: Partnerships
• 13. Pension schemes
• 14. Payment of income tax, surcharges, interest and penalties
• 15. National insurance contributions
• Review questions- Set A

• 16. Introduction to capital gains tax
• 17. Computation of gains and losses
• 18. Chattels and wasting assets
• 19. Shares and securities (1)
• 20. Shares and securities (2)
• 21. Principal private residences
• 22. CGT reliefs
• Review questions- Set B

• 23. Introduction to corporation tax
• 24. Computation and payment of the corporation tax liability
• 25. Income tax and Advance Corporation tax
• 26. Corporation tax losses
• 27. Close companies and investment companies
• 28. Groups of companies and reorganisations
• Review questions- Set C

• 29. Value added tax (1)
• 30. Value added tax (2)
• 31. Inheritance tax
• 32. Overseas aspects of taxation
• Review questions- Set D