Tolley's Accounting for Tax Professionals, 3rd Edition

Name: Tolley's Accounting for Tax Professionals, 3rd Edition
Brand: LexisNexis U.K.
SKU: 9780754559795
Price: 1385.16 HKD
Availability: InStock
Author: David Collison
ISBN: 9780754559795

By David Collison

LexisNexis U.K. October 2023

Specifications

ISBN-13: 9780754559795
Publisher: LexisNexis U.K.
Publication: October 2023
Format: Paperback
Jurisdiction: U.K. ? Countri(es) for reference only

Details

Tolley's Accounting for Tax Professionals is an essential guide to the accounting rules relevant to the work of a tax professional in the UK. Designed specifically for busy tax practitioners, the Second edition of this highly regarded handbook discusses how the tax charge is based on accounting principles. It explains those principles and the particular requirements of Financial Reporting Standards, as they apply to sole traders and partnerships, as well as companies.

New for the 3rd edition

2022 Supreme Court declaration of the “Golden Rule” that tax follows accounting standards: Revenue and Customs Commissioners v NCL Investments
Additional material on company distributions
Relaxation of rules for micro-entities
Deferred tax provision for imposition of a minimum tax charge

Preface; Abbreviations and References; Table of Financial Reporting Standards; Part 1: How is Profit Taxed?; 1.
What is Profit?: 2.
How Profit is Taxed: 3.
The Cash Basis: 4.
Profits of a Non-trading Business: 5.
Gains: Part 2: Deferred Tax; 6.
Why Deferred Tax?: 7.
Calculating Deferred Tax: 8.
Disclosure of Deferred Tax: Part 3: Accounting Principles and the FRS Regime; 9.
FRS Regime: 10.
Concepts and Pervasive Principles: 11.
Stock ('Inventories') and Work in Progress: 12.
Provisions: 13.
Tangible Fixed Assets: 14.
Investments: 15.
Intangible Fixed Assets: 16.
Revenue and Expenditure: 17.
Foreign Currency: 18.
Financial Instruments as Assets and Liabilities: 19.
Leases: 20.
Dividends: 21.
The Format of Accounts: 22.
Change in Accounting Policy: 23.
Errors, Mistakes and Changes in Estimates: Part 4: Accounting Terms; Glossary of Accounting Terms; Index