Tolley's Yellow Tax Handbook 2012-13

With the longest tax code in the world 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 2012-13 publication of this essential 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.  

• 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
• 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 2012-13 Endorsed by the CIOT, these authoritative volumes are the definitive guide to UK tax legislation.

Also available in eBook format. For more information on LexisNexis eBooks please visit, http://www.lexisnexis.co.uk/ebooks

What's New  

The 2012-13 publication of this essential 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 (all the direct taxes). 

New developments covered in Yellow and Orange 2012 - All the latest primary and secondary tax legislation.

Finance Act 2012 in full, with all amendments consolidated, covering the latest changes which are likely to include:

• Seed Enterprise Investment Scheme
• Enterprise Investment Scheme and Venture Capital Trusts simplification
• Reform of the taxation of non-domiciled Individuals
• Statutory residence test
• Employer asset-backed pension contributions
• Inheritance tax: reduced rate for estates leaving 10 per cent or more to charity
• Controlled foreign companies full reform
• Patent Box
• Various capital allowances changes
• Tax transparent funds
• Distributions in the form of assets and liabilities
• Further anti-avoidance provisions
• HMRC information powers
• PAYE real time information
• VAT: abolition of low value consignment relief
• VAT: cost sharing exemption
• VAT: online registration

Further changes are expected to include:    

• Fuel duty increases to be deferred
• Extension of the rules on the commutation of small pension pots to personal pensions
• Changes to the rules on qualifying registered overseas pension schemes
• Extension of business premises renovation allowances scheme until April 2017
• Abolition of certain NICs reliefs