| Autore |
Melville Alan
|
| Edizione | [21th ed.] |
| Pubbl/distr/stampa |
Harlow, England : , : Pearson, , 2016
|
| Descrizione fisica |
1 online resource (625 pages) : illustrations
|
| Disciplina |
343.4104
|
| Soggetto topico |
Taxation - Law and legislation - England
|
| ISBN |
1-292-08635-1
|
| Formato |
Materiale a stampa  |
| Livello bibliografico |
Monografia |
| Lingua di pubblicazione |
eng
|
| Nota di contenuto |
Cover -- Title Page -- Copyright -- Contents -- Preface -- Acknowledgements -- Summary of tax data -- Part 1 INCOME TAX AND NATIONAL INSURANCE -- 1 Introduction to the UK tax system -- UK taxes -- Sources of tax law -- The tax year -- Structure of HM Revenue and Customs -- Administration of the tax system -- Self Assessment -- Appeals -- Tax evasion -- Tax avoidance -- The HMRC Charter -- 2 Introduction to income tax -- Taxable persons -- Classification of income -- Exempt income -- Structure of an income tax computation -- Married couples and civil partners -- Rates of income tax for 2015-16 -- Income taxed at source -- Savings income -- Dividends from UK companies -- 3 Personal allowances -- Personal allowances for 2015-16 -- The personal allowance -- Blind person's allowance -- Tax reducers -- Married couple's allowance -- 4 Payments and gifts eligible for tax relief -- Payments and gifts deductible from total income -- Eligible interest payments -- Annual payments -- Gifts of shares or property to charity -- Payments which are tax reducers -- Maintenance payments -- Loans used to purchase a life annuity -- Gifts of pre-eminent property to the nation -- Gift Aid -- 5 Income from property -- Definition of property income -- Basis of assessment and allowable expenditure -- Capital expenditure -- Losses -- Lease premiums -- Rent-a-room" relief -- Furnished holiday lettings -- 6 Income from savings and investments -- Interest received -- Dividends received -- Tax-efficient investments -- Individual Savings Accounts -- Enterprise Investment Scheme -- Venture Capital Trusts -- Child Trust Funds -- Income from trusts and settlements -- Miscellaneous income -- 7 Income from employment (1) -- Employment and self-employment -- Basis of assessment -- Employment income -- Non-taxable employment income -- Allowable expenses.
Payments made on termination of employment -- The PAYE system -- Construction industry scheme -- Employee incentive schemes -- 8 Income from employment (2) -- Benefits in kind -- Benefits assessable on all employees -- Special rules for P11D employees -- 9 Income from self-employment: Computation of income -- The badges of trade -- The calculation of trading profits -- Deductibility of expenditure -- Disallowed expenditure -- Allowable expenditure -- Trading income not in the accounts -- Non-trading income in the accounts -- Expenditure not in the accounts -- Post-cessation receipts -- Cash basis and simplified expenses -- 10 Income from self-employment: Basis periods -- The current year basis -- Commencement of trade -- Cessation of trade -- Change of accounting date -- Averaging of trading profits for farmers and creative artists -- 11 Income from self-employment: Capital allowances -- Eligible expenditure -- Chargeable periods -- Plant and machinery -- Capital allowances on plant and machinery -- Writing down allowance -- Annual investment allowance -- First year allowance -- Balancing allowances and charges -- Non-pooled assets -- Allowances on cessation of trade -- Miscellaneous capital allowances -- 12 Income from self-employment: Trading losses -- Relief for trading losses -- Carry-forward trade loss relief -- Trade loss relief against total income -- Early trade losses relief -- Terminal trade loss relief -- Post-cessation trade relief -- Transfer of a business to a company -- Losses on shares in unlisted trading companies -- Limit on income tax reliefs -- 13 Income from self-employment: Partnerships -- Principles of partnership taxation -- Notional profits and losses -- Change in partnership composition -- Non-trading income -- Trading losses -- 14 Pension contributions -- Registered pension schemes.
Tax relief for contributions by scheme members -- Tax relief for contributions by employers -- Annual allowance charge -- Lifetime allowance charge -- 15 Payment of income tax, interest and penalties -- Payment of income tax -- Late payment penalties -- Interest on overdue income tax -- Interest on overpaid income tax -- Penalties -- 16 National Insurance contributions -- Class 1 -- Class 1A -- Class 1B -- Class 2 -- Class 3 and 3A -- Class 4 -- Annual maximum contributions -- Review questions (Set A) -- Part 2 CAPITAL GAINS TAX -- 17 Introduction to capital gains tax -- Chargeable persons -- Chargeable assets -- Chargeable disposals -- Basis of assessment -- Rates of CGT -- Relief for capital losses -- Relief for trading losses -- Administration of CGT -- 18 Computation of gains and losses -- Layout of a CGT computation -- Disposal value -- Allowable expenditure -- Part disposals -- Assets with negligible value -- Assets held on 31 March 1982 -- 19 Chattels and wasting assets -- The chattels exemption -- Chattels disposed of at a loss -- Part disposals of chattels -- Wasting chattels -- Wasting assets -- Leases -- 20 Shares and securities -- The share matching rules -- The Section 104 holding -- Bonus issues -- Rights issues -- Capital distributions -- Takeovers -- Gilts and qualifying corporate bonds -- 21 Principal private residences -- Principal private residence -- Partial exemption -- Deemed residence -- Letting relief -- Business use -- 22 CGT reliefs -- Damaged assets -- Destroyed assets -- Replacement of business assets -- Gift of business assets -- Transfer of a business to a limited company -- Entrepreneurs' relief -- Reinvestment into EIS shares -- Loans to traders -- Review questions (Set B) -- Part 3 CORPORATION TAX -- 23 Introduction to corporation tax -- Scope of corporation tax -- Accounting periods -- Taxable total profits.
Trading income -- Income from property -- Income from non-trading loan relationships -- Miscellaneous income -- Franked investment income -- Relief for charitable donations -- Loan relationships -- Long periods of account -- 24 Corporate chargeable gains -- Chargeable disposals and chargeable assets -- Basis of assessment -- Computation of gains and losses -- Indexation allowance -- Assets held on 31 March 1982 -- The rebasing election -- Assets acquired before 6 April 1965 -- Disposals of shares or securities -- Disincorporation relief -- 25 Computation and payment of the corporation tax liability -- Corporation tax financial years -- Rates of corporation tax -- Marginal relief -- Due date of payment -- Accounting for income tax deducted at source -- Shadow ACT -- Self Assessment -- Interest on underpaid and overpaid corporation tax -- Penalties -- 26 Corporation tax losses -- Relief for trading losses -- Carry forward of trade loss relief -- Unrelieved charitable donations -- Trade loss relief against total profits -- Repayments of corporation tax -- Anti-avoidance legislation -- Choice of loss relief -- Non-trading losses -- 27 Close companies and companies with investment business -- Close companies -- Definition of a close company -- Exceptions -- Consequences of close company status -- Close investment-holding companies -- Companies with investment business -- Unincorporated business vs close company -- Incorporation -- 28 Groups of companies and reconstructions -- Related 51% group companies -- Associated companies -- Transfer pricing -- 51% groups -- 75% groups -- Group relief -- Transfer of chargeable assets within a group -- Capital losses -- Consortia -- Company reconstructions -- Review questions (Set C) -- Part 4 MISCELLANEOUS -- 29 Value added tax (1) -- The principle of VAT -- Taxable persons -- Taxable supplies -- Exempt supplies.
Reduced rate supplies -- Zero rate supplies -- The value of a supply -- Imports and exports -- Registration -- Deregistration -- 30 Value added tax (2) -- Accounting for VAT -- The tax point -- Tax invoices -- Accounting records -- Special schemes -- Retail schemes -- Bad debts -- Non-deductible input tax -- Partial exemption -- Administration of VAT -- Penalties, surcharges and interest -- 31 Inheritance tax -- Chargeable transfers of value -- Exempt transfers -- Potentially exempt transfers -- IHT payable on chargeable lifetime transfers -- IHT payable on death -- Valuation -- Business property relief -- Agricultural property relief -- Administration of IHT -- 32 Overseas aspects of taxation -- Residence and domicile -- Income tax - general rules -- Double taxation relief -- Income from employment -- Trading income -- Income from property and investments -- Capital gains tax - general rules -- Inheritance tax - general rules -- Corporation tax - general rules -- Controlled foreign companies -- Double taxation relief for companies -- Diverted profits tax -- Review questions (Set D) -- Part 5 ANSWERS -- Answers to exercises -- Answers to review questions -- Index.
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| Record Nr. | UNINA-9910153250603321 |
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British tax review
