Publisher's Synopsis
This is a comprehensive manual of tax computations illustrating the practical operation of income tax, corporation tax, capital gains tax, inheritances tax and VAT. The index, tables of statutes and alphabetical format enable the reader to find the computation quickly and easily. It may be used independently or in conjunction with "Tolley's Main Tax Annuals", to which sections and chapters correspond.;The book is fully updated to include the 1993/94 tax rates (including the 20% rate on dividends and its effect on individuals, trusts, estates and so on) and exemptions, the provisions of the Finance Act 1993 and other developments. It includes new chapters on CT "pay and file", capital allowances (first-year and initial allowances), benefits (vans, relocation expenses), group pre-entry capital losses, finance leases, security substitution and other topics.
