Introduction to the UK tax system -- Introduction to income tax -- Persoanl allowances --Payments and gifts eligible -- Income from property -- Income from savings and investments -- Income from employment (1) -- Income from employment (2) -- Income from self-employment : computation of income -- Income from self-employment : basic periods -- Income from self-employment : capital allowances -- Income from self-employment : trading losses -- Income from self-employment : partnerships -- Pension contributions -- Payment of income tax, interst, and penalties -- National insurance, contributions -- Introduction to capital gains tax -- Computation of gains and losses -- Chattles and wasting assets -- Shares and securities.

“A highly comprehensive, well written book, full of helpful examples, and deservedly secure in its place as the UK’s leading tax textbook” Christopher Coles, University of Stirling

“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

Now in its 22nd annual edition, Melville’s Taxation continues to be the definitive, market-leading text on UK taxation. Featuring clean, uncluttered prose and a wealth of immensely practical examples, this text is a comprehensive guide for students taking a first level course in the subject.

This edition brings the book completely up to date with the provisions of the Finance Act 2016, including:

• Simple assessment

• Personal savings allowance

• Dividend allowance

• Restricted relief on buy-to-let loan interest

• Replacement domestic items relief

• Trivial BIKs exemption

• Extension to farmers' averaging

• Tapering of pensions annual allowance

• Revised rates of CGT

• CGT investors' relief

• IHT main residence nil-rate band

• Revised domicile rules

This book will be of value to both undergraduate and professional students of business and accounting, and will be particularly useful for students preparing for the following examinations:

ICAEW Certificate Level, Principles of Taxation; ACCA Fundamentals Level, Taxation; ACCA Technician Scheme, Foundations in Taxation; CIPFA Diploma Stage, Taxation; AAT Advanced Diploma, Personal Tax and Business Tax; ATT Certificates, Personal Taxation; Business Taxation and Accounting Principles; AIA Foundation Level, Auditing and Taxation; IFA Level 4, Tax for SMEs.

Visit www.pearsoned.co.uk/melville for our suite of resources to accompany this textbook,

· For instructors: a complete solutions guide and PowerPoint slides for each chapters

· For students: A companion website featuring opportunities for extra practice, links to relevant web pages, and additional resources

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.