A Guide to the Finance Act, 1996

This volume contains the text of the Act (excluding provisions relating to excise duties and certain miscellaneous provisions not relating to taxation). Informative explanatory notes follow each tax provision. Changes made by the 1996 Act will include measures to counteract avoidance of value added tax under the group registration provisions, a new landfill tax on the disposal of waste in landfill sites, fundamental changes to the taxation of interest and gains from gilts and bonds, additional provisions and amendments to the system of self-assessment for individuals, partnerships and companies. Legal practitioners in the banking and financial services sector and sole practitioners should find that this book provides useful guidance to the new legislation.