Accounting Principles for Tax Purposes bridges the gap between tax and accountancy and is the only work of reference that will guide you through the complex maze of accounting principles providing you with the key answers to interpreting accounts for tax and other purposes. This is a practical work that is recognised in the tax profession as the bible for non-accounting professionals who have to use accounts in their work. This new edition has been completely updated to examine recent developments affecting the interface between accounting and tax rules and regulations, in particular: Update for newly issued accounting standards under both UK GAAP and IFRS Update for legislative changes in both income tax and corporation tax that have implications for the relationship between accounting and tax profits and Review prospective future developments including the implications of increased alignment of UK GAAP and IFRS.