Taxation: Finance Act 2016
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Harlow, England
Pearson
2017
|
| Ausgabe: | Twenty-second edition |
| Schriftenreihe: | Always learning
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XIII, 610 Seiten |
| ISBN: | 9781292139104 |
Internformat
MARC
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| 245 | 1 | 0 | |a Taxation |b Finance Act 2016 |c Alan Melville |
| 246 | 1 | 3 | |a Finance Act 2016 |
| 250 | |a Twenty-second edition | ||
| 264 | 1 | |a Harlow, England |b Pearson |c 2017 | |
| 300 | |a XIII, 610 Seiten | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 0 | |a Always learning | |
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| 650 | 4 | |a Recht | |
| 650 | 4 | |a Steuer | |
| 650 | 4 | |a Taxation |x Law and legislation |z England |v Problems, exercises, etc | |
| 651 | 4 | |a Großbritannien | |
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| 999 | |a oai:aleph.bib-bvb.de:BVB01-029239897 | ||
Datensatz im Suchindex
| _version_ | 1804176689902649344 |
|---|---|
| adam_text | 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 2016-17
Income taxed at source
Savings income
Dividend income
3 Personal allowances
Personal allowances for 2016-17
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 49
Gifts of shares or property to charity 49
Payments which are tax reducers 50
Maintenance payments 50
Loans used to purchase a life annuity 51
Gifts of pre-eminent property to
the nation 51
Gift Aid 52
5 Income from property 56
Definition of property income 56
Basis of assessment and allowable
expenditure 57
Capital expenditure 58
Losses 59
Lease premiums 60
Rent-a-room relief 63
Furnished holiday lettings 63
6 Income from savings and investments 68
Interest received 68
Dividends received 70
Tax-efficient investments 71
Individual Savings Accounts 71
Enterprise Investment Scheme 73
Venture Capital Trusts 74
Child Trust Funds 75
Income from trusts and settlements 76
Miscellaneous income 79
7 Income from employment (1) 82
Employment and self-employment 82
Basis of assessment 85
Employment income 85
Non-taxable employment income 86
Deductible expenses 88
Payments made on termination of
employment 91
The PAYE system 93
Construction industry scheme 97
Employee incentive schemes 98
ix
x
xi
3
3
4
6
6
7
7
11
12
12
13
15
15
16
17
18
19
19
21
22
27
32
32
33
36
36
36
43
43
48
v
Contents
8 Income from employment (2)
Benefits in kind
Living accommodation
Cars provided for private use
Beneficial loans
9 Income from self-employment:
Computation of income
The badges of trade
The calculation of trading profits
Deductibility of expenditure
Disallowed expenditure
Allowable expenditure
Adjustments relating to income
Trading income allowance
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 IB
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
103
103
105
108
112
116
116
118
119
119
122
124
125
126
132
132
133
136
138
143
149
149
149
150
152
153
156
158
161
161
166
167
173
173
174
176
179
181
183
183
183
184
187
187
190
191
193
194
199
199
201
204
206
209
214
214
217
218
219
219
223
223
229
229
230
230
231
232
236
247
247
248
249
250
251
VI
Contents
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 residence
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 337
Scope of corporation tax 337
Accounting periods 338
Taxable total profits 339
Trading income 340
Income from property 345
Income from non-trading loan
relationships 345
Dividends received 347
Relief for charitable donations 347
Loan relationships 348
Long periods of account 352
Research and development tax
relief 354
Intangible fixed assets 355
24 Corporate chargeable gains 359
Chargeable disposals and chargeable
assets 359
Basis of assessment 360
Computation of gains and losses 360
Indexation allowance 361
Assets held on 31 March 1982 364
The rebasing election 367
Assets acquired before 6 April 1965 367
Disposals of shares or securities 368
Disincorporation relief 376
25 Computation and payment of
the corporation tax liability 381
Corporation tax financial years 381
Rates of corporation tax 382
Due date of payment 383
Accounting for income tax deducted
at source 386
Shadow ACT 386
Self Assessment 387
Interest on underpaid and overpaid
corporation tax 388
Penalties 390
Corporation tax rates prior to FY2015 392
26 Corporation tax losses 398
Relief for trading losses 398
Carry forward of trade loss relief 399
253
255
257
261
261
262
262
264
266
267
271
271
273
273
276
277
279
288
288
290
293
294
296
298
300
304
304
305
306
308
310
313
313
316
317
320
322
323
326
327
330
vii
Contents
Unrelieved charitable donations 400
Trade loss relief against total profits 402
Repayments of corporation tax 405
Anti-avoidance legislation 407
Choice of loss relief 407
Non-trading losses 408
27 Close companies and investment
companies 412
Close companies 412
Definition of a close company 412
Exceptions 415
Consequences of close company status 416
Close in vestment-holding companies 419
Companies with investment business 419
Choice of business medium 420
Incorporation 425
28 Groups of companies and
reconstructions 428
Related 51 % group companies 428
Transfer pricing 431
51% groups 431
75% groups 432
Group relief 433
Transfer of chargeable assets within
a group 436
Capital losses 438
Consortia 439
Company reconstructions 441
Review questions (Set C) 444
Part 4 MISCELLANEOUS
Value added tax (1) 453
The principle of VAT 453
Taxable persons 454
Taxable supplies 454
Exempt supplies 456
Reduced rate supplies 457
Zero rate supplies 457
The value of a supply 458
Imports and exports 461
Registration 463
Deregistration 468
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
471
471
472
472
473
474
477
478
479
481
483
485
490
490
492
494
496
498
504
506
507
507
511
511
514
515
516
518
519
520
521
521
524
525
529
532
541
593
605
VIII
|
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| author | Melville, Alan 1948- |
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| discipline | Rechtswissenschaft Wirtschaftswissenschaften |
| edition | Twenty-second edition |
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| geographic | Großbritannien |
| geographic_facet | Großbritannien |
| id | DE-604.BV043829066 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:36:11Z |
| institution | BVB |
| isbn | 9781292139104 |
| language | English |
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| spelling | Melville, Alan 1948- Verfasser (DE-588)133535339 aut Taxation Finance Act 2016 Alan Melville Finance Act 2016 Twenty-second edition Harlow, England Pearson 2017 XIII, 610 Seiten txt rdacontent n rdamedia nc rdacarrier Always learning Great Britain Recht Steuer Taxation Law and legislation England Problems, exercises, etc Großbritannien Erscheint auch als Online-Ausgabe, pdf 978-1-292-13911-1 Erscheint auch als Online-Ausgabe epub 978-1-292-13913-5 Digitalisierung UB Bamberg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029239897&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Melville, Alan 1948- Taxation Finance Act 2016 Great Britain Recht Steuer Taxation Law and legislation England Problems, exercises, etc |
| title | Taxation Finance Act 2016 |
| title_alt | Finance Act 2016 |
| title_auth | Taxation Finance Act 2016 |
| title_exact_search | Taxation Finance Act 2016 |
| title_full | Taxation Finance Act 2016 Alan Melville |
| title_fullStr | Taxation Finance Act 2016 Alan Melville |
| title_full_unstemmed | Taxation Finance Act 2016 Alan Melville |
| title_short | Taxation |
| title_sort | taxation finance act 2016 |
| title_sub | Finance Act 2016 |
| topic | Great Britain Recht Steuer Taxation Law and legislation England Problems, exercises, etc |
| topic_facet | Great Britain Recht Steuer Taxation Law and legislation England Problems, exercises, etc Großbritannien |
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