" One can confidently assert that a student should be able to tackle any tax exam after studying from this book." ACCA Students' Newsletter. "Taxation" has established itself as a reliable and comprehensive guide for students taking a first level course in the subject. This eighth annual edition brings the book completely up-to-date in accordance with the provisions of the Finance Act 2002. Explanations are clear and supported by numerous worked examples. Each chapter ends with a set of exercises that thoroughly test the reader's understanding of the topics introduced in the chapter. The book also contains four sets of review questions, one at the end of each part, drawn from past examination papers of the professional accounting bodies. The solutions to most of the exercises and review questions are included in the final part of the book. The book will be of value to both undergraduate and professional students of business and accounting.