3 of 4 people found the following review helpful
The essential and preferred tax guide....,
This review is from: Tolley's Tax Guide 2012-2013 (Hardcover)
THE ESSENTIAL AND PREFERRED TAX GUIDE: NOW IN THE LATEST EDITON FOR 2012-13 WITH 2012-13 TAX RATES AND ALLOWANCES
An appreciation by Phillip Taylor MBE and Elizabeth Taylor of Richmond Green Chambers
We don't think "The Times" would be annoyed if we quoted their comment on Tolley's Tax Guide in its latest edition for 2012-2013. The book points out the cost of tax ignorance at about £170 per year on average, so Tolley's Tax Guide, "The Times" say, `could solve the problem', adding that `people with no financial experience can dip into the guide for clear answers to specific problems.'
So, if you're an accountant, or lawyer specializing in tax advice, it would be unthinkable, therefore, not to acquire a copy of this, the 31st edition of Tolley's. And as this is the edition that was published soon after the passing of the Finance Act 2012 - it's even more unthinkable not to have it to hand for reference, especially as all wise advisers, as well as investors, seek to minimize exposure to tax.
Note that the provisions of the Finance Act 2012 are included, together with the HMRC's published guidance and other relevant sources of information. The changes that have taken place since last year's edition are summarized.
The aim of the book, as indicated by the sub-title as well as the publishers' introduction, is to provide `clear, concise guidance on all aspects of UK taxation.' True to its promise, the book delivers in handy hardback format, advice on day-to-day issues that confront advisers as well as personal and business taxpayers on matters of income tax (including self-assessment), capital gains tax, corporation tax, inheritance tax, VAT and stamp taxes.
And if you need to know more about council tax, business rates, NI contributions and statutory sick pay, adoption and maternity and paternity pay, this book offers numerous examples of how the provisions of each work in practice.
Also, check out the chapter on tax on investments, which covers the main forms of investment generally available, from building societies and banks, to stocks and ordinary shares in listed companies -- also dealt with in more detail in other chapters. How useful, when you may as well know the tax position of an investment before you invest. Note the caveat, however, that the advice therein `is not intended to replace advice on the investments themselves, not is it offered as guidance on investment strategy', which obviously is available from other sources.
In all, the book is distinguished by its practical approach and plain language, alerting you to any number of tax planning opportunities. Easy to navigate when you are in a hurry, it includes -- as well as the table of rates and allowances -- a useful list of abbreviations and a detailed index of over 50 pages at the back.
`The best book of its kind,' says taxationweb.co.uk of this latest Tolley's -- and we cannot help but agree.