Taxation: Finance Act 2026

Navigate UK taxation rules and policies for 2026 with the market-leading textTaxation, 32nd edition by Alan Melville serves as a comprehensive and authoritative guide to UK taxation, updated to align with the Finance Act 2026, and praised for its clarity and in-depth coverage of annual Budget changes. Designed to facilitate a clear understanding of taxation and guide you to all the key areas of tax, the textbook features a variety of revised exercises and worked examples. It is an indispensable practical guide and reference tool for first-time taxation students and professionals applying the rules and regulations of the UK tax system.This new edition has been thoroughly updated to reflect significant changes in taxation, including:Finalised design of Making Tax Digital for income taxIncrease in dividend income tax ratesIncome tax personal allowance and basic rate limit frozen to April 2031Savings and property income tax rates increased from April 2027Changes to EIS, VCT and EMI schemesNew 40% FYA and reduction in main rate WDANICs on salary sacrifice for pension contributionsIncreased rate of capital gains tax on business asset disposalsChanges to corporation tax late filing penaltiesInheritance tax threshold frozen to April 2031This text will be of value to both undergraduate and graduate students of accounting and finance, and will be particularly useful for students preparing for the following examinations:ICAEW Certificate Level, Tax Fundamentals; ACCA Applied Skills Level, Taxation; ACCA Foundation Level, Foundations in Taxation; CIPFA PAQ Tax and Law; AAT Professional Diploma, Personal Tax and Business Tax; ATT Certificates, Personal Taxation and Business Taxation; AIA Professional Level 1 Taxation; IFA Personal Taxation, Business Taxation.Additionally, a free-to-access Companion Website features opportunities for extra practice, chapter appendices and a range of useful links to explore UK taxation rules and the tax system further.Personalise learning with MyLab Accounting.MyLab Accounting is the learning and taxation practice resource available to support this title. It includes quizzes, practice tests, and self-study capabilities including AI Study Tools and help tools to use at point-of-need.MyLab Accounting is not included with this title. If you would like to purchase both the physical textbook and MyLab Accounting (which also comes with the ebook), search for:9781292774398 Taxation 32nd edition MyLab Package which consists of:Print textbookETextbookMyLab AccountingStudents, MyLab should only be purchased when required by an instructor. If MyLab is a recommended/ mandatory component of the course, please check with your instructor for the correct ISBN. Instructors, contact your Pearson representative for more information.Praise for previous editions:I have been very grateful for this exceptional textbook over the years. It serves as an invaluable cornerstone for students learning UK Taxation as well as for Accounting professional qualification students.Theivendran Suresh, University of GreenwichComprehensive and well written tax principles and rules are clearly explained in a logical user-friendly manner, supported by a plethora of worked examples and exercises.Andrew Coulson, Northumbria UniversityAn accurate up-to-date text for Taxation, reliably available before the beginning of every university academic year.Richard Jones, Middlesex UniversityI love the volume of questions and solutions provided.Angela Cairns, University of Edinburgh