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Tolley’s Tax Guide 2011-12

Tolley’s Tax Guide 2011-12
Product Code: TG6
Publication Date: August 2011
ISBN: 9780754540717
Price: £77.95

The first-point of reference for tax practitioners, Tolley’s Tax Guide deciphers complex tax legislation into straightforward English, that provides you with a refresher of what’s new in 2011 and helps you find the right answers quickly and easily. This concise and precise coverage on all aspects of taxation - from tax calculations and tax returns to tax rates, deductions and refunds - Tolley's Tax Guide provides you with a time-saving reference source for tax solutions.

Click here to download your free sample chapter on "Dealing With HMRC"

Written by experts, Tolley's Tax Guide 2011 logical and coherent structure covers all the main UK taxes in one single, portable volume.

With over 900 pages covering all areas of tax and packed with hundreds of practical tax points and worked examples, Tolley’s Tax Guide is your first port of call for all aspects of taxation. Tolley's Tax Guide provides accurate answers to your tax questions, keeps you abreast of the latest legislation and ensures you are equipped with the most up-to-date tax advice and guidance available.

Key benefits of Tolley’s Tax Guide 2011-12: 

  • Simple – split into 8 easy to use sections
  • Authoritative – This edition of Tolley's Tax guide provides accessible commentary written by experts Claire Hayes and Ruth Newman and our consultant editor Francesca Lagerberg
  • Easy to understand – complex tax legislation is translated into straightforward everyday language, making it the obvious first choice for tax practitioners
  • Practical – clear layout and headings allow you to identify the exact information you need whilst numerous worked examples help illustrate the points raised
  • Quick to use – over 300 key tax points are highlighted at the end of each chapter so you can see the opportunities and pitfalls at a glance
  • Up-to-date – latest tables of tax rates and allowances
  • Complete – Tolley's Tax Guide supplies full analysis of the latest tax legislation; each section covers the rules and procedures for that area with cross-references to relevant legislation and cases, tax points and worked examples so you can understand where, when and how the rules apply
  • Value for money – This version of Tolley’s Tax Guide contains 45 chapters covering all the information you need, saving you valuable research time and money for only £77.95

What’s new to Tolley’s Tax Guide 2011-12:

Corporation tax

  • Reduction in: 
  • - main rate (from 28% to 26% with effect from 1st April 2011) and:
  • - small profits rate (from 21% to 20% with effect from 1st April 2011)
  • Changes to capital allowances regime for short life assets
  • Increase in Research and Development (R&D) relief available to Small and Medium sized Enterprises (SMEs) (From 1st April 2011 relief of £200 will be available for every £100 of expenditure)
  • Extension of Business premises renovation allowance
  • Simplification of Controlled Foreign Companies (CFC) rules
  • Relaxation of the rules governing use of pre-entry capital losses

Income tax

  • New rates and allowances
  • Increase in income tax relief for Enterprise Investment Scheme (EIS) / Venture Capital Trust (VCT) shares
  • Amendment to furnished holiday lettings relief
  • Increase in car fuel benefit charge
  • Increase in tax free mileage payments for own car use by employees
  • Introduction of junior ISA and increase in ISA contribution limits
  • Reduction in pension annual allowance and changes to applicable benefits
  • Withdrawal of facility to elect for income tax repayment to be made to charity
  • Changes to gift aid regime

Capital gains tax

  • New annual exemption level (increased form £10,100 to £10,600)
  • Further increase in the Entrepreneurs relief limit

Inheritance tax

  • Freezing of nil rate band


  • New VAT fuel scale charges(temporary decrease by one pence per litre from 23rd March with the planned April increase deferred to 1st January 2012 when the main duty rate will increase by 3.02 pence per litre).

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.Also available as an eBook

Also available as a print plus eBook set

View all Other Tax Titles
Price: £133.95

Now in its 96th edition, Tolley’s Income Tax is widely regarded as the definitive work on the subject, providing comprehensive but straightforward coverage of statute law, tax rates and allowances, case law and HMRC practice, not only for the current year but for the last four years also

Price: £109.95

Have instant access to over 500 comprehensive, clearly presented and up-to-date examples illustrating the practical operation of the main UK taxes.