Taxation Theory And Practice

by KathNightingale (Author)

• Used

  Paperback
  1997

  $3.25

  The second edition of Taxation: Theory and Practice provides coverage of both the theoretical and practical aspects of taxation in the UK. It has been brought up to date with the changes announced in the Finance Acts 1998 and 1999. For the benefit of students, 45 new self-testing questions and answers have been added. Part 1 gives students a grounding in the theory of taxation. The aim is to provide a basic understanding of theory to build confidence in the subject and encourage further exploration of the end-of-chapter readings. The practical aspects of assessing liability to income tax, capital gains tax, corporation tax and VAT are covered in Parts 2 to 5. While the chapters in these Parts give the students plenty of opportunity to practise tax computations, the why as well as the how is explained through examples and references to revenue case law. Tax planning opportunities are also highlighted. Part 6 examines the PAYE system and the administrative organisation of the Inland Revenue. Self-assessment of income and capital gains tax, pay and file, and the move towards corporate self-assessment, are covered in this Part. Review Questions are provided at the end of Part 1, and a selection of Practice Questions at the end of the other Parts. Answers to the Practice Questions are provided in an accompanying Lecturer's Guide. The Appendices include answers to the 45 self-testing questions and a series of tax tables.