Financial Times Guide to Personal Tax
UK Edition, 2007-2008
2nd edition
By Sara Williams, Jonquil Lowe
October 2007
Pearson / Prentice Hall
Distributed
By Trans-Atlantic Publications
ISBN:
9780273714156
408 Pages, 6 1/8 x 9 1/4"
$37.50 paper original
Year after year, millions of people pay more tax than they need to. With
a little planning you can ensure you exploit your tax allowances and take
steps to cut your tax bill.
If you are one of the nine million people who get a self assessment tax return,
you are required by law to complete it correctly and on time. Last year, the
Inland Revenue collected hundreds of millions of pounds in extra tax through
enquiries into incorrect returns. Every year, over half a million people
miss that last filing deadline, incurring automatic fines of £100
or more.
This is the book that will help you:
- pay only the minimum tax (showing you where you may be overpaying and what to do about it)
- how to avoid the self assessment pitfalls
It's designed to make an unpleasant task as easy as possible and save
you tax at the same time.
Annually updated, the book always includes the latest budget changes, so
the advice is always bang up-to-date. And it's written in easily understood
jargon free language, so you'll get the most from the information, with the
least effort.
Inside the book you will find:
- a step-by-step guide to completing your tax return
- 100 tax-saving ideas
- advice on dealing with your tax office
- how to claim back the tax you are owed
- guidance on the new tax credits, including how to maximize the amount you can claim
- tips on tax-efficient investments
- all you need to know about how the Budget 2006 affects you
Contents
PART I HOW TO PAY LESS TAX
1 Tax
changes for 2007-8
2 An
overview of income tax
3 Paying
and reclaiming tax
4 Dealing
with tax problems
5 Tax
and your household
6 Tax
and your home
7 Savings,
investments and pensions
8 Make
the most of fringe benefits
9 Minimizing
capital gains tax
10 Gifts and
passing your money on
PART II FILLING IN YOUR TAX RETURN
11 Getting started
12 Income
13 Reliefs
14 Allowances
15 Employment
16 Share schemes
17 Self-employment
18 Partnerships
19 Land and
property
20 Foreign income
21 Trusts
22 Capital gains
23 Non-residence
APPENDICES
A Tax-free
income
B Converting
net income to gross
C The short
tax return
D Tax
deadlines
E Useful
leaflets, forms and contacts
Author
Sara Williams is a former investment analyst and financial journalist. She has contributed many articles on tax and finance for national newspapers and for a number of years wrote for Which?, including the Which? Tax-Saving Guide and the Which? Book of Tax. She is also the author of the best selling, FT Guide to Business Start Up.