The most widely used UK University tax textbook. Fully updated each year with all the latest rule changes (now for 2018/19 tax year), this book continues to provide coverage of the UK's tax system as it has for 25 years. It is an excellent aid to support a first course in tax, or as a general introduction to the topic. Written in an accessible style with many examples, activities and questions throughout, this textbook gives the reader a thorough understanding the the UK's taxation principles and practices. The companion website provides additional questions and answers, links to other tax materials available online and commentary on tax developments as they occur throughout the year. While the UK tax system, becomes ever more complicated and many textbooks and guides reflect this trend in becoming ever more complex too, this book maintains its brevity and clarity - as endorsed by many tax lecturers and teachers right across the UK. Reader friendly and informative, this text is based on a structured conceptual framework. Updated annually to ensure as accurate reflection of the current tax climate, it avoids unnecessary and confusing details. It provides an ideal introduction to both macro and micro perspectives of UK taxation, fiscal policy and decision making. Features: - Fully updated and revised to include all of the core changes brought about with the Finance Act 2018. - Designed to support both independent study or classroom study. - Includes a glossary of key terms and concepts - Includes more than 100 useful full questions and mini case studies - A comprehensive package of further materials is available for purchasers from the dedicated publisher website for this book, including many exam and practice questions, with full answers, - Ideal for students studying tax for the first time, for a degree course, or for a professional examinations such as for the ACCA, CIOT, CIMA, ICAEW, ICAS, CIPFA, ATT etc.