Daily Mail Tax Guide 2008/2009

Jane Vass

Publisher: Profile Books

Price: £9.99

ISBN: 9781846680892

David Man takes a guided tour around the personal taxation system

This is the sixth edition of the bestselling personal guide to UK taxation. It has been updated to incorporate the Finance Act 2008, and includes new chapters on retirement and family. Like previous incarnations, this guide endeavours to explain in clear terms how the UK personal tax system works, and how to avoid running into trouble with the taxman.

Written in a helpful, straightforward style, this edition is organised into three parts, starting with the basics of taxation, which covers the different types of taxation and how it is collected. The second section covers tax planning to minimise tax liabilities and in the last section, the book advises on the completion of tax forms.

Personal taxation coverage is comprehensive and useful for those wanting nontechnical advice on selfassessment, encompassing areas such as income from employment and business, income from land and property, pensions, capital gains tax, foreign income and tax liability computations.

Chapters in the book also include tax troubleshooting, inheritance tax, tax in retirement, tax credits and a fact file, containing tax allowances and rates tables. Illustrative examples and tax-saving hints are quoted throughout.

The troubleshooting chapter provides hands-on advice and covers what you can do if you have a problem with your tax, or are having trouble paying a tax bill due to exceptional circumstances. The new chapter on retirement is particularly relevant to an ageing UK population.

Overall, this is an excellent, step-by-step guide to personal taxation that gives simple, practical guidance on tax issues.

David Man MAAT is a Financial Accountant

Accounting Technician - July 2008 - Page 13