The 2007/08 edition of this popular text has been fully updated and includes the latest guidelines issued by the UK's HM Revenue & Customs (HMRC) and all relevant UK legislation up to the Finance Act 2007. This book will be of valuable assistance to tax practitioners, corporation tax managers, company secretaries, and finance directors who cannot afford to be without vital guidance on new UK legislation. It will also be useful to those who wish to minimize their non-compliance liabilities.