Tolley's Yellow Tax Handbook 2011-12

With the longest tax code in the world and several recent Rewrite Acts to come to terms with, interpreting the legislation is more difficult than ever, so having our reliable legislative guide to hand is imperative.

With the longest tax code in the world and several recent Rewrite Acts to come to terms with, interpreting the legislation is more difficult than ever, so having our reliable legislative guide to hand is imperative.

Tolley's Yellow Tax Handbook comprehensively covers the up-to-date legislation relating to direct taxes, with relevant HMRC material and EC legislation. The consolidated legislation is extensively annotated by our technical team with cross-references to commentary, tax cases and HMRC guidance to give you the answers you need quickly and easily.

The 2011-12 publication of Tolley's Yellow Tax Handbook provides the updated text of the legislation relating to income tax, capital gains tax, corporation tax, national insurance contributions, tax credits, petroleum revenue tax and inheritance tax.

Why Tolley's Yellow Tax Handbook 2011-12 Edition is essential;

• Includes statutes and statutory instruments; extra-statutory concessions and statements of practice; footnotes indicating amendments to legislation; cross-references; definitions; additional helpful material including HMRC Briefs and cross-references to the Revenue Internal Guidance Manuals
• Tolley's Yellow Tax Handbook is endorsed by the Chartered Institute of Taxation
• Approved for use during CIOT examinations
• Published in five volumes
• Included as part of the Tolley's Yellow & Orange Tax Reference Set 2011-12

Endorsed by the CIOT, these authoritative volumes are the definitive guide to UK tax legislation.

Reviews:

Tolley's tax bible doubles in size as legislation keeps piling up
By Yvette Essen, 4th September 2008, Telegraph.co.uk

"The 2008 Tolley's Yellow Tax Handbook now stands at 10,134 pages over four volumes, up from 4,998 pages in two volumes in 1997. This year's edition would have stretched to an estimated 10,900 pages and five volumes if information provider and publisher LexisNexis had not changed the page layout and increased the number of words on each page.

LexisNexis tax expert Mike Truman said the size of the new guide demonstrated the complexity of Britain's tax regime. "The UK tax system continues to be a burden to businesses and individuals trying to obey a tax code which rivals India's as the longest in the world," he said. "We were told that Alistair Darling was a simplifying Chancellor, but while everyone supports the idea of simplification, actually achieving it is another story."

Mr Truman said LexisNexis had commissioned its largest number of expert contributors to comment on the changes and the tax laws and he called on the Government to simply the UK's gargantuan tax rules.

"Until the straightforward issue of legislation volume is given the attention it deserves, this problem is going to continue," he said. "The only way to make a difference is to reduce the main consolidated Acts by 25pc within five years, which means that by August 2013 the consolidated Acts should be 75pc of their current length. At the moment we are heading in the wrong direction."

The last 11 years have seen new taxes being introduced and then either replaced or amended. These include the 10pc starting rate of income tax introduced in 1999 and scrapped this year and complex changes to corporation tax, capital allowances and taper relief."