This straightforward guide to UK taxation procedures explains how each principal tax works, revised to account for the November 1994 Budget and its implications. The book details the workings of income tax, national insurance, value-added tax, corporation tax, capital gains tax, and inheritance tax. It aims to provide a clear understanding of these complex financial regulations for its readers. The text is structured to offer practical insights into the UK tax system.

This book is presented as a practical and straightforward guide to UK taxation, specifically updated to reflect the changes introduced by the November 1994 Budget. Its focus is on explaining the mechanics of various principal taxes, including income, national insurance, VAT, corporation, capital gains, and inheritance taxes. The text is designed to be accessible to those needing to understand these financial procedures. It serves as a reference for the tax landscape as it stood following the 1994 Budget.