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UK Taxation: A Simplified Guide for Students - Finance Act 2022 Edition

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  • 320 Pages
  • July 2022
  • Region: United Kingdom
  • Spiramus Press
  • ID: 5403246

UK Taxation for Students is fully updated for Finance Act 2022. This book can be used either on its own or in conjunction with other texts. It is, however, completely self-contained.

This book is written in a user-friendly manner. It includes over 180 worked examples plus true and false quizzes and a further 101 questions for readers. Complex jargon is avoided. Simple English is used. This book also assumes absolutely no prior knowledge about UK taxation. This book covers the five main UK taxes: income tax (paid by individuals), capital gains tax (paid by individuals), corporation tax (paid by companies), value added tax (levied on consumers by businesses), and inheritance tax (normally payable on the death of an individual), and National Insurance Contributions.

For students at undergraduate level. Also suitable for ACCA, AAT and AAT.

UK Taxation for Students assumes absolutely no prior knowledge of UK taxation.

This text is completely self-contained covering the main areas of taxation studied at undergraduate level and initially for many professional exams. It can be used to support other texts and includes all the various allowances, tax rates etc. that a student may need at the front of the book.

It is written in a user-friendly manner, avoiding “tax jargon” and using, wherever possible, plain and straightforward English. It includes numerous examples throughout the text designed to illustrate particular points and then provides further examples for you to try in Appendix 2. Appendix 3 includes over 100 True or False questions for you to dip into at any time to test your understanding. Appendix 1 I contains suggested some tips for studying tax.

This book covers the main UK taxes; income tax (paid by individuals), capital gains tax (paid by individuals), corporation tax (paid by companies), value added tax (levied on consumers by businesses), inheritance tax (normally payable on the death of an individual) and National Insurance Contributions.

Although primarily aimed at students studying at undergraduate level, these are the taxes that typically form the core of the syllabus for most of the UK’s professional examinations in taxation such as those of the ACCA, AAT and possibly ATT, although no specific professional syllabus has been followed.

In general, each of the chapters should be read through in the order that they are arranged as later chapters often assume knowledge from earlier chapters. Having said this, the Value Added Tax and Inheritance Tax chapters could be studied at any point, as a standalone as both are very different from the other taxes studied.

Table of Contents

CHAPTER 1: Introduction
CHAPTER 2: Income Tax: General Principles and Tax Rates 
CHAPTER 3: Income Tax Computations 
CHAPTER 4: Extending the Rate Bands 
CHAPTER 5: Income from a property business 
CHAPTER 6: Trading profits 
CHAPTER 7: Capital Allowances 
CHAPTER 8: Sole Trader Business Losses 
CHAPTER 9: Partnerships 
CHAPTER 10: Employee Taxation 
CHAPTER 11: Personal Tax: Overseas Aspects 
CHAPTER 12: Pensions 
CHAPTER 13: Capital Gains Tax: General Principles 
CHAPTER 14: CGT: Shares and securities 
CHAPTER 15: CGT: Business Reliefs 
CHAPTER 16: Corporation Tax: General Principles 
CHAPTER 17: Chargeable Gains for Companies 
CHAPTER 18: Company Losses 
CHAPTER 19: Groups of Companies 
CHAPTER 20: National Insurance Contributions (NICs) 
CHAPTER 21: Tax Administration for Individuals 
CHAPTER 22: Tax Administration for Corporation Tax and Employers 
CHAPTER 23: Value Added Tax 
CHAPTER 24: Inheritance Tax: an introduction 
APPENDIX 1: How to Study Taxation: Some suggestions 
APPENDIX 2: Questions for Students 
APPENDIX 3: True or False Questions 




Mark Hunt is a member of the Chartered Institute of Taxation and a senior teaching fellow at Birmingham City University and previously worked in the accountancy profession for over 25 years, specialising in all areas of taxation.