Taxation Finance Act 2021

Get clarity on UK taxation rules and policies in this up-to-date guide for year 2021 Taxation by Alan Melville is the definitive, market-leading text on UK taxation. Now in its 27th Edition, it clearly explains the UK tax system and taxation regulations. Known for its well-structured and clearly written prose, practical examples and up-to-date coverage of annual Budget changes, this comprehensive guide serves as both a core textbook if you are studying taxation for the first time and a reference text. “This book is written with students in mind…This approach makes the book a very accessible introduction to the sometimes complex world of taxation” Robert Goddard, Aston Business School As well as incorporating many new and revised practical examples and exercises, this edition brings the book completely up-to-date with the provisions of the Finance Act 2021, including: • Personal allowance and basic rate limit frozen until 6 April 2026 • AIA set at £1m for a further year • Relief for trading losses extended • CGT annual exemption frozen until 6 April2026 • Capital allowances super-deduction • Corporation tax main rate 25% for FY2023 • Reintroduction of CT small profits rate • VAT reduced rate for tourism and hospitality • VAT thresholds frozen until 1 April 2024 • MTD for VAT extended • IHT NRB frozen until 6 April 2026Highly valuable to both undergraduate and professional students of business and accounting, this book is 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 Diploma Stage, Taxation; AAT Professional Diploma, Personal Tax and Business Tax; ATT Certificates, Personal Taxation and Business Taxation; AIA Foundation Level, Auditing and Taxation; IFA Personal Taxation, Business Taxation. Supported by free to access Companion Website featuring opportunities for extra practice, chapter appendices and a range of useful links to explore taxation rules and the tax system further. 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 taxation. For this edition, updates to the Companion Website questions have been provided by Richard Poole FCCA BSc (Hons.), Classroom and Online Tutor, specialising in Tax, Audit and Financial Reporting. Pearson, the world’s learning company. For undergraduate and graduate courses in Taxation, and for professional use. Get clarity on UK taxation rules and policies in this up-to-date guide for year 2021 Taxation, 27th Edition, by Alan Melville, updated with 2021's Finance Act, is the definitive, market-leading text on UK taxation and is known for its up-to-date coverage of the changes introduced by the annual Budget. Featuring clean, well-structured prose and a wealth of immensely practical examples, this comprehensive guide serves as both a core textbook if you are studying taxation for the first time and a reference text that clearly explains the UK tax system and taxation regulations. Supported by free to access Companion Website featuring opportunities for extra practice, chapter appendices and a range of useful links to explore taxation rules and the tax system further. Pearson, the world’s learning company.