Einzeltreffer — DigiBib

UK Taxation for Students is fully updated for Finance Act 2022. This book can be used either on its own or in conjunction with other texts. It is, however, completely self-contained. This book is written in a user-friendly manner. It includes over 180 worked examples plus true and false quizzes and a further 101 questions for readers. Complex jargon is avoided. Simple English is used. This book also assumes absolutely no prior knowledge about UK taxation. This book covers the five main UK taxes: income tax (paid by individuals), capital gains tax (paid by individuals), corporation tax (paid by companies), value added tax (levied on consumers by businesses), and inheritance tax (normally payable on the death of an individual), and National Insurance Contributions. For students at undergraduate level. Also suitable for ACCA, AAT and AAT.

Titel:	UK Taxation - a Simplified Guide for Students : Finance Act 2022 Edition
Autor/in / Beteiligte Person:	Hunt, Mark
Veröffentlichung:	8th ed, 2021
Medientyp:	E-Book
Umfang:	1 Online-Ressource (323 Seiten)
ISBN:	978-1-913507-34-3 (print) ; 978-1-913507-17-6 (print) ; 1-913507-34-3 (print) ; 1-913507-17-3 (print)
Schlagwort:	Electronic books
Sonstiges:	Nachgewiesen in: Bibliotheksverbund Bayern Sprachen: English Contents Note: Intro -- PREFACE TO EIGHTH EDITION -- IMPORTANT NOTICE TO STUDENTS -- CONTENTS -- TAX RATES AND ALLOWANCES -- Income tax -- Personal allowances -- Car benefit -- Authorised mileage rates: cars where employees use their own cars for business purposes -- Official rate of interest -- Pension contribution limits -- National insurance contributions 2022/23 -- Capital gains tax -- Corporation tax -- Capital allowances -- Value added tax -- Inheritance tax -- CHAPTER 1 -- Introduction -- Tax is dynamic -- Tax is not a difficult subject to study -- What's New - Summary of main changes introduced by the Finance Act 2022 and other changes from 6th April 2022 -- Income tax -- Basis period reform -- Making Tax Digital for Income Tax Self Assessment -- Capital gains tax -- Corporation tax -- National Insurance Contributions -- VAT -- Inheritance tax -- New Taxes -- CHAPTER 2 -- Income Tax: General Principles and Tax Rates -- INTRODUCTION -- HM Revenue and Customs -- UK tax law -- Making tax digital -- Who pays income tax? -- What is income? -- Exempt income -- What is an income tax liability? -- Tax year -- Calculating the income tax liability -- Categories of income -- Order of taxing -- Rates of income tax for the year to 5 April 2023 (2022/23) -- SUMMARY -- APPENDIX -- CHAPTER 3 -- Income Tax Computations -- INTRODUCTION -- TAXABLE INCOME -- Total income -- Reliefs -- Interest on qualifying loan -- Personal allowance -- Marriage allowance or transferable personal allowance -- INCOME TAX COMPUTATION -- Some important points to note: -- High Income Child Benefit Charge -- Income tax liability and income tax payable -- SUMMARY -- APPENDIX -- Blind persons allowance -- Married couple's allowance -- CHAPTER 4 -- Extending the Rate Bands -- INTRODUCTION -- What is the extended rate band? -- Payments made net of basic rate tax -- Extended rate bands ; Clawback of tax deducted at source -- Comprehensive example -- SUMMARY -- CHAPTER 5 -- Income from a property business -- INTRODUCTION -- Description -- Basis of assessment and expenses -- Cash basis -- Accruals or GAAP basis -- Real Estate Investment Trusts (REITs) -- Expenses -- Other capital expenditure -- Replacement of domestic items relief -- Finance costs for residential property (income tax only) -- More than one property -- Premiums received for the grant of a short lease -- Basis of assessment -- Income element of a premium -- Rent-a-room scheme -- Property allowance -- Furnished holiday lettings -- Property business losses -- Companies -- SUMMARY -- CHAPTER 6 -- Trading profits -- INTRODUCTION -- Sole trader versus limited company -- Accounting profit versus taxable profit -- Trading allowance -- Accounting date -- Tax adjusted profit -- Allowable expenses for tax purposes -- Specific disallowed expenses -- Income assessable as trading income but not shown in the accounts -- Deductions from profit -- Expenditure not shown in the accounts but deductible in arriving at the trading profit -- Cash basis -- Basis periods -- The normal rule -- Tax year of commencement of trading -- Second tax year of trading -- Third tax year of trade -- Overlap profit -- Trading profit allocated to basis periods -- Overlap profit relief -- Cessation of trading -- Basis of assessment -- Change of accounting date -- Overlap profits and change of accounting date -- SUMMARY -- APPENDIX -- The Badges of trade - is it a trading transaction? -- CHAPTER 7 -- Capital Allowances -- INTRODUCTION -- Trading expense -- Chargeable period -- Capital items -- Plant and machinery (P & -- M) -- Rates of allowance -- Writing down allowance (WDA) -- Annual Investment Allowance (AIA) -- Small Pools Allowance -- Non-pooled assets -- Assets with private use -- Short-life assets ; Sales of assets -- Balancing allowances and balancing charges -- Ongoing Businesses -- Cessation of a business -- Hire purchase and leasing -- Hire purchase -- Leased assets -- Capital allowances for structures and buildings -- SUMMARY -- APPENDIX -- Annual Investment Allowance Increase - periods straddling 31 March 2023 -- CHAPTER 8 -- Sole Trader Business Losses -- INTRODUCTION -- Trading losses -- Trading loss carry forward (section 83) -- Trading loss offset against taxable income (ITA 2007 section 64) -- Cap on income tax reliefs -- Trading loss offset against capital gains (ITA 2007 section 71) -- Trading losses offset in the early years of trade (section 72) -- Trading losses in the closing year (section 89 terminal loss relief) -- Trading loss relief following incorporation of a sole trader business (section 86) -- SUMMARY -- CHAPTER 9 -- Partnerships -- INTRODUCTION -- General -- Basis of assessment -- Partnership profit sharing arrangements -- Changes during a period of account -- Changes in the partnership -- Capital allowances -- Trading losses -- Limited liability partnerships (LLP) -- SUMMARY -- CHAPTER 10 -- Employee Taxation -- INTRODUCTION -- General -- Employed or self-employed -- Personal Service Companies -- Employment income -- Basis of assessment -- Receipt of money earnings -- Receipt of non-money earnings -- Benefits (other than non-cash vouchers) -- Non-cash vouchers -- Vouchers and credit tokens -- Benefits in kind -- Approach to use when working out the value of a benefit -- Taxable value of benefits in kind -- General rule -- Assets made available for private use -- Transfer of asset following use -- Living accommodation -- Not job-related accommodation -- Cost of provision versus market value -- Job-related accommodation -- Ancillary expenses connected with living accommodation -- Motor cars -- Pool cars ; Car fuel benefit -- There is currently no fuel benefit where an employer allows an employee to charge a fully electric car at the employer's cost (Electricity is not "fuel"). -- Car park space and chauffeur -- Car transferred to an employee -- Vans -- Beneficial loans -- Loan written off -- Exempt benefits -- Salary sacrifice (optional remuneration arrangements) -- Lump sum payments on termination or variation of employment -- It should be noted that any taxable termination payment is assessed as non-savings income but as the highest slice of income, after dividend income. -- Tax free payments -- Taxable payments -- Contractual entitlement -- Payments in lieu of notice -- Redundancy payments and ex gratia payments -- Other payments -- Allowable deductions from employment income -- General rule -- Travel expenses -- Business use of own vehicle‒ approved mileage allowance payments -- Professional subscriptions -- Specifically authorised deductible expenditure -- Reimbursed expenditure -- Employment income computation - a comprehensive example -- SUMMARY -- CHAPTER 11 -- Personal Tax: Overseas Aspects -- INTRODUCTION -- The statutory residence test -- Automatic overseas tests -- Automatic UK tests -- Sufficient ties test -- Domicile -- Non-UK income -- The remittance basis of assessment -- Double tax relief -- SUMMARY -- CHAPTER 12 -- Pensions -- INTRODUCTION -- Occupational pensions or defined benefit schemes -- Personal pensions or defined contribution schemes -- Pension contribution limits -- Annual allowance charge -- Money purchase annual allowance -- Lifetime allowance -- SUMMARY -- CHAPTER 13 -- Capital Gains Tax: General Principles -- INTRODUCTION -- Basic principles -- The annual exemption -- Chargeable assets -- Chargeable disposal -- Connected persons -- Inter-spouse transfers -- The timing of a disposal -- Allowable expenditure ; Part disposals -- Chattels -- Private or main residence relief -- Calculating the capital gains tax liability -- Using capital losses -- Current year capital losses -- Carried forward capital losses -- Optimal usage of capital losses and annual exemption -- Year of death -- Date of payment of CGT -- SUMMARY -- CHAPTER 14 -- CGT: Shares and securities -- INTRODUCTION -- Government stocks and corporate bonds -- Shares -- Computational procedure -- Scrip and rights issues -- Effect of bonus and/or rights issues -- Bonus issues -- Rights issue -- Take-overs -- Share for share -- Cash for shares -- Share plus cash for shares -- SUMMARY -- CHAPTER 15 -- CGT: Business Reliefs -- INTRODUCTION -- Replacement of business assets or rollover relief (also available to limited companies) -- Conditions for roll-over relief to apply -- Qualifying assets -- Only partial reinvestment -- Non-business use -- Depreciating assets -- Gift relief ("holdover relief") -- Qualifying assets -- Effect of gift relief -- Not pure gift - sale at undervalue -- Assets not used wholly for business purposes -- Business assets other than shares -- Shares -- Transfer of a business to a company (Incorporation relief) -- It is not unusual for a sole trader to decide to convert their business to a limited company. This gives rise to a disposal of the assets transferred at market value. Subject to satisfying certain conditions so-called incorporation relief may be avail... -- Business asset disposal relief (previously known as "entrepreneurs' relief -- Disposal of whole or part of a business -- Disposal of one or more assets in use, at the time at which a business ceases -- Disposal of shares in a company -- Investors' relief -- SUMMARY -- CHAPTER 16 -- Corporation Tax: General Principles -- INTRODUCTION -- Liability to corporation tax -- Company residence ; The basic rule: place of incorporation Language: English

Klicken Sie ein Format an und speichern Sie dann die Daten oder geben Sie eine Empfänger-Adresse ein und lassen Sie sich per Email zusenden.

BibTeX Citavi, JabRef, u.a.
(Literaturverwaltung)

PDF kein Volltext!
(Merkzettel, Notizen)

RIS Endnote, Citavi u.a.
(Literaturverwaltung)

MODS
(XML zur Weiterverarbeitung)

oder

Wählen Sie das für Sie passende Zitationsformat und kopieren Sie es dann in die Zwischenablage, lassen es sich per Mail zusenden oder speichern es als PDF-Datei.

Gewünschter Zitations-Stil:

oder

Bitte prüfen Sie, ob die Zitation formal korrekt ist, bevor Sie sie in einer Arbeit verwenden. Benutzen Sie gegebenenfalls den "Exportieren"-Dialog, wenn Sie ein Literaturverwaltungsprogramm verwenden und die Zitat-Angaben selbst formatieren wollen.

UK Taxation - a Simplified Guide for Students : Finance Act 2022 Edition