Publisher's Synopsis
This is a comprehensive manual of tax computations illustrating the practical operation of the four main UK direct taxes and value added tax. The manual includes explanatory notes and statutory/source references where appropriate. The index, table of statutes and alphabetical format enable the reader to find the computation quickly and easily.;Fully updated to include 1995/96 tax rates and allowances, the provisions of the Finance Act 1995 and other developments, this edition also includes two new chapters on Venture Capital Trusts and Exchange Gains and Losses. There are also revised examples on current year basis anti-avoidance rules, taxation of beneficiaries of deceased estates, partnership investment income, Scedule A transitional rules, post-cessation expenditure and other topics.
