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

Reviews:

“They are an essential guide to any tax practitioner and I would not be without them. I tried another provider alongside Tolley’s for one year but it was considerably inferior for what we needed as a practice.”
Joy Granat, Holden Granat LLP

“I have always found the tax annuals to be comprehensive and informative, often saving you time by pointing you in the right direction of a solution to a particular problem.”
Mark Mitchell, Thomson Cooper

“They usually enable us to quickly answer client queries on more complex areas of practice. The broad range enables us to be proactive in responding to our clients' range of requirements.”
Anton Lane, Specialist Tax Solutions Limited

“Gives me confidence that I am up to date and that I am able to look up/research whatever I need.”
Gabrielle Dell, McNamara Ryan

“I order them every year and have encouraged our other five offices to do the same.”
Lisa-Jane Howes, Wilkin Chapman

"I am very familiar with the format, having used these annuals for over 20 years, and am very comfortable with the presentation and ease of use.”
Geoffrey H Walker, Digital Technology International