Taxation: Finance Act 2024 - Finance Act 2024

The best-selling Taxation is now in its 30th edition, providing a clear understanding of the tax rules and policies in the UK for 2024. With its comprehensive coverage of the changes introduced by the annual Budget, as well as well-structured layout and updated content, this is the most essential core text for students studying the subject.

List of contents

Part 1 Income Tax and National Insurance

1. Introduction to the UK tax system
2. Introduction to income tax
3. Personal allowances
4. Payments and gifts eligible for tax relief
5. Income from property
6. Income from savings and investments
7. Income from employment (1)
8. Income from employment (2)
9. Income from self-employment: Computation of income
10. Income from self-employment: Allocating profits to tax years
11. Income from self-employment: Capital allowances
12. Income from self-employment: Trading losses
13. Income from self-employment: Partnerships
14. Pension contributions
15. Payment of income tax, interest and penalties
16. National Insurance contributions

Part 2 Capital Gains Tax

17. Introduction to capital gains tax
18. Computation of gains and losses
19. Chattels and wasting assets
20. Shares and securities
21. Principal private residence
22. CGT reliefs

Part 3 Corporation Tax

23. Introduction to corporation tax
24. Corporate chargeable gains
25. Computation and payment of the corporation tax liability
26. Corporation tax losses
27. Close companies and investment companies
28. Groups of companies and reconstructions

Part 4 Miscellaneous

29. Value added tax (1)
30. Value added tax (2)
31. Inheritance tax
32. Overseas aspects of taxation

Part 5 Answers

Index

About the author

Alan Melville FCA, BSc, Cert. Ed. is a best-selling author. Previously a Senior Lecturer at Nottingham Trent University, he has many years experience of teaching accounting and financial reporting.

Summary

Gain a clear understanding of UK taxation rules and policies for 2024

Taxation, 30th edition by Alan Melville, updated with the Finance Acts 2024, is the definitive, market-leading text on UK taxation. Known for its comprehensive coverage of the changes introduced by the annual Budget, the text is clean and well-structured, with a wealth of updated examples and exercises. This popular guide serves as both a core textbook for those studying taxation for the first time, and as a reference text that clearly explains the UK tax system and taxation regulations.
This new edition brings the book completely up to date, covering major taxation changes including:

• Further delays to MTD for income tax
• Income tax higher rate limit reduced
• Dividend allowance reduced
• Basis period rules for 2024-25
• Spreading of transition profits
• AIA £1m limit made permanent
• Pensions tax relief reforms
• CGT annual exemption reduced
• Corporation tax full expensing
• R&D tax relief reforms
• Investment zones
• VAT aspects of Windsor Framework

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.
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 MyLab®Accounting.
MyLab® is the teaching and learning platform that combines trusted author content with digital assessments, help tools to use at point-of-need, and a flexible platform. MyLab Accounting for this book includes 350 questions for your assignments.
Note: Pearson MyLab® Accounting is not included in the main text.
Students, if Pearson MyLab Accounting is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. Pearson MyLab Accounting should only be purchased when required by an instructor. Also available with MyLab Accounting.

Product details

• Authors: Alan Melville
• Publisher: Pearson Academic
• Languages: English
• Product format: Paperback / Softback
• Released: 21.05.2024
• EAN: 9781292730370
• ISBN: 978-1-292-73037-0
• No. of pages: 624
• Subject: Social sciences, law, business > Law > Taxes