Taxationis the number one textbook on taxation in the UK. Now in its 12th annual edition, it has established itself as a reliable, up-to-date and comprehensive guide for students taking a first-level course in the subject. This 12th edition is thoroughly updated to incorporate the provisions of the Finance Act 2006. This 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 Professional Stage, Taxation; ACCA Part 2, Business Taxation; ACCA Technician Qualification Level C, Preparing Tax Computations and returns; CIMA Managerial Level, Financial Accounting and Tax Principles; CIPFA Professional 2, Public Policy and Taxation; CIPFA Diploma Stage, Taxation; ATT Associateship, Personal and Business Taxation; AAT Technician Stage, Preparing Personal and Business Tax Computations; AIA Foundation Level, Auditing and Taxation; IFA Technician Level, Personal and Business Taxation.