This is the 33rd annual edition of the leading guide to taxation in Britain. It will incorporate updates following the Finance Act 2004 and contains full coverage of taxes, recent changes and the main implications of taxes. A bestseller with students, professionals and private individuals it is a practical guide which explains in simple terms how the tax system works and how best to minimize tax liabilities. MARKET 1: General Reader: private individuals; self-employed small businesses, etc. completing self-assessment tax forms and anyone wishing to check that they are not paying too much tax Professional: independent financial advisers; accountants; lawyers, finance managers; pension advisers; tax consultants; banks, etc. Students: in Accountancy and Finance taking professional and undergraduate courses with papers on taxation MARKET 2: Libraries: Corporate, Public and Academic libraries, especially accountancy and finance departments