Publisher's Synopsis
The second edition of this practical handbook attempts to take the mystery out of taxation and answers the questions most commonly asked: what will be taxed?; how is tax calculated?; when is tax payable?; what can be done to reduce tax bills?. It deals with the tax implications of each stage of a business's development, with clear illustrations and text which remains simple and relevant throughout. It is fully up to date to take into account the changes in the latest Finance Act.