Voted "The Nation's Favourite Tax Book" by members of AccountingWeb, Tolley's Tax Guide 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 Tolley's Tax Guide the obvious first choice for finding answers in seconds. Complex tax legislation is translated into straightforward everyday language and the Tax 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 8 easy to use sections, you can go straight to the information you need, saving valuable research time:
Key benefits of Tolley’s Tax Guide 2011-12:
- Authoritative – This edition of Tolley's Tax guide provides accessible commentary written by experts, Arnold Homer, FCA, CTA, TEP; Rita Burrows, MBA, ACIS, CTA; and Andrew Goodall, CTA
- 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, Tolley's Tax Guide allows 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
- Comprehensive – 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
VAT
- 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
Reviews:
AN OBJECTIVE, UNBIASED GUIDE THE FULL RANGE OF UK TAXES
An Appreciation by Phillip Taylor MBE and Elizabeth Taylor of Richmond Green Chambers
"You can be confident that whatever your tax query, the answer resides in Tolley's..."
"... this latest edition should prove indispensable..."
"... Tolley's continues to live up to its reputation as 'a great reference book', well organized and packed with practical information and strategies... and certainly remaining a title you should re-order each year"
What press say about Tolley's Tax Guide:
"Never has such a book been so necessary as this year... the Tolley's book still wins game, set and match in my eyes."
Tina Riches, Technical Director, CIOT in Taxation
"I consider Tolley's Tax Guide to be the best book of its kind that I have ever encountered... The authors of this book have a rare and exceptional talent for translating technical and complicated tax legislation into straightforward, everyday language."
Mark McLaughlin, www.taxationweb.co.uk
"Ignorance costs every tax payer, on average, £170 each year. Tolley's Tax Guide... could solve the problem. People with no financial experience can dip into the guide for clear answers to specific problems."
The Times
"... can be relied upon to be accurate and comprehensive."
Daily Telegraph
"It is very easy to locate answers to a particular tax concern without having to wade through a load of preliminaries first."
What Investment
What our customers say about Tolley's Tax Guide:
"Every year Tolley's Tax Guide equips us to deal with whatever the Chancellor of the Exchequer throws at us in his Budget."
Andrew Bell, Chartered Accountant
"This is the book that I always order each year. I would not be able to run my practice without it."
Alasdair MacGillivray, Chartered Accountant
"A great reference book which normally has the answer for me. I buy it every year as soon as it is available."
Shaun McGuinness, Tax Accountant
"The Tolley's Tax Guide is my first port of call on most queries, and seems to cover the majority of UK scenarios."
Andy Yates, JSA
