Taxation Theory and Practice

Preface to the second edition.Preface to the first edition.Acknowledgements.List of abbreviations.Part 1: The theory of taxation.1. Introduction to the theory of taxation2. Income taxation3. The taxation of wealth4. Company taxation5. Indirect taxation6. Tax evasion and avoidance7. The UK tax system as a whole8. Taxation and international tradeReview questions.Part 2: Income tax.9. Introduction to income tax10. Business income11. Capital allowances12. Relief for trading losses13. Income from employment14. National insurance contributions15. Provision for retirement16. Investment income17. The unified tax computation18. Overseas, aspects of income tax19. Taxation of estate income20. Income tax on trustPractice questions.Part 3: Capital gains tax.21. Introduction to capital gains tax22. The computation of gains and losses23. Chattels and wasting assets24. Compensation and insurance money25. Land and property26. Shares and security27. Capital gains tax reliefs28. Partnership gains29. Overseas aspects of CGT30. Capital gains tax on estates and trustsPractice questions.Part 4: Corporation tax.31. The charge to corporation tax32. Advance corporation tax and income tax33. Loss relief34. Close companies35. Investment companies36. Groups of companies37. Overseas aspects of corporation taxPractice questions.Part 5: Introduction to value added tax.38. The supply of goods and services39. Registration40. The VAT system and accounting for VAT41. The administration of VATPractice question.Part 6: The administration of direct taxation in the UK.42. Administration of income tax and capital gains tax43. Due dates, interest and penalties44. The pay as you earn system45. The administration of corporation taxPractice questions.Appendix 1: Important law case.Appendix 2: Summary of rates and allowances.Appendix 3: Answers to self assessment questions.Index.