Tolleys Tax Guide 2011 2012 eBook
Voted "The Nation’s Favourite Tax Book" by members of AccountingWeb, this is the premier one-stop reference work for tax professionals. Written by experts, in clear, concise English, its logical structure and comprehensive analysis of the latest tax legislation make it the obvious first choice for finding answers in seconds. Complex tax legislation is translated into straightforward everyday language and the Guide includes numerous worked examples, tax points and clear tables.
Tolley’s Tax Guide covers all areas of UK taxation in one single portable volume. With 45 chapters and the content divided into the following sections, you can go straight to the information you need, saving valuable research time:
- Outline of the UK tax system
- Employment
- Pensions
- Trading activities
- Land and buildings
- Tax and the family
- Choosing investments
- Other areas, including trusts and estates, and the overseas element
New to Tolley's Tax Guide 2011-12
Corporation tax
- Reduction in main rate and small profits rate of corporation tax
- Changes to capital allowances regime for short life assets
- Extension of Business premises renovation allowance
- Increase in R&D relief available to SMEs
- Relaxation of the rules governing use of pre-entry capital losses
- Simplification of CFC rules
Income tax
- New rates and allowances
- Amendment to furnished holiday lettings relief
- Introduction of junior ISA and increase in ISA contribution limits
- Increase in income tax relief for EIS/VCT shares
- Increase in car fuel benefit charge
- Increase in tax free mileage payments for own car use by employees
- Changes to gift aid regime
- Reduction in pension annual allowance and changes to applicable benefits
- Withdrawal of facility to elect for income tax repayment to be made to charity
Capital gains tax
- New annual exemption level
- Further increase in the Entrepreneurs relief limit
Inheritance tax
- Freezing of nil rate band
VAT
- New VAT fuel scale charges
In addition many of the numerous measures that have been announced to take effect in 2012 and beyond will be covered in Tax Guide as appropriate
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Available in eBook and print set for the first time, Tolley’s Tax Guide 2010-11 has everything you need in the print publication, coupled with all the benefits of an eBook.