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Navigate UK taxation rules and policies for 2026 with the market-leading textTaxation, 32nd edition by Alan Melville serves as a comprehensive and authoritative guide to UK taxation, updated to align with the Finance Act 2026, and praised for its clarity and in-depth coverage of annual Budget changes. Designed to facilitate a clear understanding of taxation and guide you to all the key areas of tax, the textbook features a variety of revised exercises and worked examples. It is an indispensable practical guide and reference tool for first-time taxation students and professionals applying the rules and regulations of the UK tax system.This new edition has been thoroughly updated to reflect significant changes in taxation, including:O Finalised design of Making Tax Digital for income taxO Increase in dividend income tax ratesO Income tax personal allowance and basic rate limit frozen to April 2031O Savings and property income tax rates increased from April 2027O Changes to EIS, VCT and EMI schemesO New 40% FYA and reduction in main rate WDAO NICs on salary sacrifice for pension contributionsO Increased rate of capital gains tax on business asset disposalsO Changes to corporation tax late filing penaltiesO Inheritance tax threshold frozen to April 2031This 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, Tax Fundamentals; ACCA Applied Skills Level, Taxation; ACCA Foundation Level, Foundations in 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.Additionally, a free-to-access Companion Website features opportunities for extra practice, chapter appendices and a range of useful links to explore UK taxation rules and the tax system further.Personalise learning with MyLabi Accounting.MyLab Accounting is the learning and taxation practice resource available to support this title. It includes quizzes, practice tests, and self-study capabilities including AI Study Tools and help tools to use at point-of-need.MyLab Accounting is not included with this title. If you would like to purchase both the physical textbook and MyLab Accounting (which also comes with the ebook), search for:9781292774398 Taxation 32nd edition NMyLab PackageO which consists of:O Print textbookO ETextbookO MyLab AccountingStudents, MyLab should only be purchased when required by an instructor. If MyLab is a recommended/ mandatory component of the course, please check with your instructor for the correct ISBN. Instructors, contact your Pearson representative for more information.Praise for previous editions:NI have been very grateful for this exceptional textbook over the years. It serves as an invaluable cornerstone for students learning UK Taxation as well as for Accounting professional qualification students.OTheivendran Suresh, University of GreenwichNComprehensive and well written O tax principles and rules are clearly explained in a logical user-friendly manner, supported by a plethora of worked examples and exercises.OAndrew Coulson, Northumbria UniversityNAn accurate up-to-date text for Taxation, reliably available before the beginning of every university academic year.OaRichard Jones, Middlesex UniversityNI love the volume of questions and solutions provided.OAngela Cairns, University of Edinburgh
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: Allocating profits to tax years
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
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