Tolley's Value Added Tax 2011-12 (Second Edition)
Arranged in alphabetical subject order, Tolley's Value Added Tax is designed to make it quick and easy for you to find the information you need anywhere and at anytime. It brings together in-depth coverage of the UK and EC legislation and Customs material, in addition to the case law and tribunal decisions relevant to each topic.
The rules and regulations of VAT are constantly changing and in order to meet your need for access to the most up-to-date information, Tolley’s VAT annual is published in two complete volumes in April (following the Budget) and September (following the Finance Act).
Tolley’s Value Added Tax 2011 covers:
- Increase in standard VAT rate to 20% along with provisions covering transactions spanning the date change.
- Finance (No 3) Act 2010 covering:
o supplies of gas, heat or cooling; the reverse charge is extended to supplies of heat and cooling. The extent to which the reverse charge applies to supplies of gas is also extended
o supplies of aircraft; the definition of ‘aircraft’ for the purpose of zero-rating has been amended to comply with EU legislation
o postal services
o future penalties for failure to submit return/pay tax. These penalties will replace the existing penalties from a date to be announced
o changes to the capital goods scheme and restrictions to the scope for Lennartz accounting - Ongoing changes to the rules relating to the place of supply of services, which determine who is liable to account for VAT, and introduction of a requirement to submit EU sales statements for services
- HMRC’s revised stance on recovering VAT incurred on entertaining overseas customers
Key benefits of Tolley’s Value Added Tax Annual:
- Accurate – written by the highly qualified Tolley’s tax team, Tolley’s Tax Annuals have been relied upon by practitioners since 1916 and are endorsed by the ATT
- Comprehensive but concise – the most comprehensive tax handbooks on the market, Tolley’s Value Added Tax cover everything you need to know. They include the impact of tax cases, changes in HMRC guidance, relevant statutory instruments, and all Finance Act changes
- Easy to use – their A-Z format makes research quick and easy. Tolley’s Value Added Tax guides also contain tables of cases, statutes and statutory instruments
- Clear and precise – They translate complex provisions into plain English, including detailed comparisons of UK and European VAT
- Practical – Tolleys Value Added Tax Guides includes worked examples and case studies that help clarify difficult issues and demonstrate how to interpret and apply the tax legislation in particular situations
- Added value – by interpreting tax legislation in the right way, you can help your clients to manage their tax exposure and tax planning properly, saving them money and building your professional reputation and client relationships
The most authoritative reference source available on VAT, Tolley’s Value Added Tax brings together in-depth coverage of the UK and EC legislation and Customs material, in addition to the case law and tribunal decisions relevant to each topic.
This comprehensive guide will answer every query put to you; from common questions about PAYE/NIC calculations and pension scheme contributions to the more detailed areas of NIC compliance, planning and mitigation.
Written by the winner of the Taxation Award for 'Tax Writer of the Year 2008', Tolley's VAT Planning is a practical guide for successful Value Added Tax planning, which addresses the numerous VAT issues that practitioners encounter on a regular basis.