Fully updated with the new rules each year, this is the leading University textbook on UK taxation. It has provided detailed coverage of the principles and practice of the UK's tax system for over 20 years. Written in an accessible style with many examples, activities and questions throughout, this textbook gives the reader a thorough understanding of the UK's taxation system. Updated annually to ensure an accurate reflection of the current tax climate, it avoids unnecessary and confusing detail. It provides an ideal introduction to both macro and micro perspectives of UK taxation, fiscal policy and decision making. It contains large numbers of practice questions and is linked to comprehensive further online resources available to purchasers.