This book provides an in-depth review of the new self-assessment rules and the changes to the current year basis of assessment introduced by the Finance Acts 1994, 1995, and 1996 in the United Kingdom. It considers the many implications for individuals, trustees, partnerships and companies, ranging from a detailed explanation of its management provisions (tax returns, self-assessing, repairs, repayment of tax, Revenue powers of enquiry, discovery, interest and penalties) to the impact on commencements, cessations, continuing businesses, changes in accounting dates, capital allowances and losses.