UK Tax System

An Introduction

The UK Tax System: an introduction provides a guide to the structure of the UK tax system, the interaction between UK and EU law, and its application to various classes of taxpayer, as well as explaining the roles of the government departments who administer it and the full range of taxpayers rights and obligations. For the third edition there is expanded treatment of tax anti-avoidance. The book is for anyone studying the UK tax system,or advising on UK tax, from the experienced practitioner to the newly-qualified professional coming to tax advice for the first time, as well as being an ideal starting point for any students of the legal system or government.

Category: Tax
  • AvailablePaperback9781907444999144 pagesList Price: £29.95 Add to basket
  • AvailablePDF9781904905899144 pagesList Price: £29.95 Add to basket

The UK Tax System: an introduction provides a guide to the structure of the UK tax system, the interaction between UK and EU law, and its application to various classes of taxpayer, as well as explaining the roles of the government departments who administer it and the full range of taxpayers rights and obligations.


For the third edition there is expanded treatment of tax anti-avoidance. The book is for anyone studying the UK tax system,or advising on UK tax, from the experienced practitioner to the newly-qualified professional coming to tax advice for the first time, as well as being an ideal starting point for any students of the legal system or government.

The UK Tax System: an introduction provides a guide to the structure of the UK tax system, the interaction between UK and EU law, and its application to various classes of taxpayer, as well as explaining the roles of the government departments who administer it and the full range of taxpayers rights and obligations. For the third edition there is expanded treatment of tax anti-avoidance. The book is for anyone studying the UK tax system,or advising on UK tax, from the experienced practitioner to the newly-qualified professional coming to tax advice for the first time, as well as being an ideal starting point for any students of the legal system or government.

Chapter 1.     The Framework of Taxation

1.1.     A Brief History of UK Taxation

1.2.     Taxes in the UK

1.3.     Tax Credits

1.4.     Administration of Taxation in the UK

1.5.     Appeals

1.6.     Sources of Tax Legislation and Practice

1.7.     Statute Law

1.8.     Secondary Sources of Tax Legislation and Practice

1.9.     European Sources

1.10.   Case Law

1.11.   Tax Years and Financial Years

Chapter 2.     Income Tax

2.1.     Introduction

2.2.     Aggregation of Taxpayer’s Income

2.3.     Interest

2.4.     Payments to Charities

2.5.     Personal Allowances Deducted from Net Income

2.6.     Computation of Tax

2.7.     Tax Reducers

2.8.     Comprehensive Example

2.9.     Tax-free Sources of Income

2.10.   Death and Separation

2.11.   Married Couples – Joint Property

2.12.   Minor Children

Chapter 3.     Trading Income

3.1.     Introduction

3.2.     Definitions of Trading

3.3.     Capital and Revenue Receipts.

3.4.     Deductible Expenditure –a Summary

3.5.     Capital Allowances

3.6.     Basis Periods

3.7.     Losses

Chapter 4.     Principles of Employment Income

4.1.     Distinction between Employment and Self-employment

4.2.     Provision of Services Through an Intermediary

4.3.     Managed Service Companies

4.4.     Scope of Employment Income

4.5.     Time of Receipt

4.6.     Deduction of Expenses

4.7.     Benefits in Kind

Chapter 5.     Property Income

5.1.     Introduction

5.2.     Expenditure Deductible

5.3.     Relief for Capital Expenditure

5.4.     Losses

5.5.     Furnished Holiday Lettings

Chapter 6.     Corporation Tax

6.1.     Scope of Corporation Tax

6.2.     Basis of Assessment

6.3.     Computation of Liability

6.4.     Computation of Trading Income

6.5.     Losses and Corporation Tax

6.6.     Groups and Consortia

6.7.     Close Companies

Chapter 7.     Capital Gains Tax

7.1.     Scope of Capital Gains Tax (CGT)

7.2.     Exemptions

7.3.     Residence and Domicile

7.4.     Annual Exemption and Losses

7.5.     Capital Gains Tax Rate

7.6.     Disposal Consideration

7.7.     Date of Disposal

7.8.     Allowable Costs

7.9.     Married Couples

7.10.   Disposal to Connected Parties

7.11.   Part Disposals

7.12.   Shares

7.13.   Capital Gains Tax Reliefs

Chapter 8.     National Insurance Contributions

8.1.     Introduction

8.2.     National Insurance Contributions and Employees

8.3.     Notional Payments of Class 1 Contributions

8.4.     Annual Maximum Contributions

8.5.     National Insurance Contributions and the Self-Employed

Chapter 9.     Value Added Tax

9.1.     Scope of Value Added Tax (VAT)

9.2.     Rates of VAT

9.3.     Registration and De-registration

9.4.     Accounting for VAT

9.5.     Records and Invoices etc

9.6.     Valuation of Supplies

9.7.     Tax Point

9.8.     Place of Supply

9.9.     Special Types of Supply

9.10.   Input Tax on Special Types of Inputs

9.11.   Bad Debt Relief

9.12.   Special Schemes

Chapter 10.   Stamp Duty Land Tax and Stamp Duty

10.1.   History

10.2.   An Overview of SDLT

10.3.   Stamp Duty and Stamp Duty Reserve Tax (SDRT)

Chapter 11.   Inheritance Tax

11.1.   Introduction

11.2.   Valuation of Transfer

11.3.   Lifetime Transfers

11.4.   Inheritance Tax Payable on Death

11.5.   Gifts with Reservations

11.6.   Reliefs

11.7.   Payment of Tax

Chapter 12.   Tax Appeals and Administration

12.1.   Introduction

12.2.   Submission of Return

12.3.   Notification of Liability by Taxpayer

12.4.   Failure to Submit a Return

12.5.   Payment of Tax

12.6.   Records which Taxpayer is Required to Keep

12.7.   Claims

12.8.   Self-assessment – Companies

12.9.   Interest and Penalties

12.10.      Penalties

Chapter 13.   Pay as You Earn (PAYE) and Collection of National Insurance Contributions

13.1.   Liability to Deduct PAYE and NIC

13.2.   PAYE Forms and Procedures

13.3.   Payment of PAYE and NIC

13.4.   Penalties and Interest

Chapter 14.   VAT Administration, Appeals, Interest, Penalties and Surcharges

14.1.   Control Visits

14.2.   Assessment

14.3.   Appeals and Tribunals

14.4.   Interest, Repayment Supplements and Compensation

14.5.   Penalties and Surcharges

Chapter 15.   Self-assessment Enquiries, Discovery Assessments and Investigations

15.1.   Introduction

15.2.   Enquiries under Self-assessment

15.3.   Discovery Assessments and Investigations

15.4.   Settlements

15.5.   Penalties

15.6.   Criminal Proceedings

15.7.   Criminal Offences

Chapter 16.   Overseas Aspects of Taxation

16.1.   Residence and Domicile – Introduction

16.2.   Residence – Statutory Definition

16.3.   Ordinary Residence

16.4.   Domicile

16.5.   Remittance Basis

16.6.   Unremittable Income

16.7.   Personal Allowances

16.8.   Transfer of Assets Abroad

16.9.   Double Tax Relief

16.10.      Double Tax Agreements

Chapter 17.   Pensions

17.1.   Introduction

17.2.   Scope of Regime

17.3.   Payments by Registered Pension Schemes

17.4.   Contributions

17.5.   Unauthorised Payments Charge

Chapter 18.   Anti-avoidance

18.1.   Introduction

18.2.   General and Targeted Anti-avoidance Rules

18.3.   Transfer Pricing

18.4.   Disclosure of Tax Avoidance Schemes (DOTAS)

18.5.   Diverted Profits Tax

18.6.   Base Erosion and Profit Shifting (BEPS)

Index

Bics
Imprint
Spiramus Press
Publisher
Spiramus Press
Language
English
Product Format
Paperback
Dimensions
234 x 156
Publication Date
15 Jul 2016
Number of Pages
144
ISBN
9781907444999
Edition
3
Product Format
PDF
Dimensions
234 x 156
Publication Date
4 Jul 2016
Number of Pages
144
ISBN
9781904905899
Edition
3