The Daily Telegraph Tax Guide 2012: Understanding the Tax System, Completing Your Tax Return and Planning How to Save on Your TaxesThe Daily Telegraph Tax Guide contains everything you need to know about completing a self-assessment return form, revised and updated to include all Budgetary changes in the Spring of 2012. For any taxpayer, whether self-employed, part-time, retired or unemployed, the book is an invaluable resource that can help ensure that you are as tax efficient as possible. From dealing with HM Revenue & Customs, through to filing paper and online returns, the book offers practical advice, timetables and examples that aim to simplify what many people view as a complex and challenging procedure. With over 100 top tips for saving on all types of tax, The Daily Telegraph Tax Guide is the essential guide to completing your 2011/12 tax return. |
Contents
Introduction | 1 |
01 You and HMRC | 3 |
02 Tax rates and allowances | 15 |
03 Tax credits | 25 |
04 Interest payments and other outgoings | 34 |
05 Working in employment | 40 |
06 Value Added Tax | 63 |
07 Working for yourself | 77 |
11 The family unit | 130 |
12 Residence and domicile | 140 |
13 Capital gains | 150 |
14 How to
complete your
Tax Return
and work out your tax | 169 |
15 Paying your tax interest and penalties | 189 |
16 Elections and claims time
limits | 202 |
17 Inheritance Tax | 206 |
18 Budget
measures | 221 |
08 National Insurance and state benefits | 97 |
09 State and
private pensions | 107 |
10 Savings and investment income | 114 |
Appendices | 230 |
Common terms and phrases
20 per cent 31 January amount annual exemption limit apply April assets basic rate capital allowances Capital Gains Tax cash chargeable gain Child Benefit Child Tax Credit civil partners Civil Partnership CO2 emissions costs couples death disability disposal dividends domicile earnings employees employment Enterprise Investment Scheme entitled exceed expenses filing Gift Aid HMRC Income Tax relief incurred Individual Savings Account individuals Inheritance Tax input tax intestacy rules less loan loss lump sum married couple’s allowance maximum National Insurance contributions nil rate band ofthe paid pay tax PAYE payments on account penalty period personal allowance purchases qualifying receive registration salary savings income Self-Assessment self-employed spouse statutory tax affairs Tax and National tax credits tax deducted tax due tax free tax office tax purposes Tax Return Tax saver taxable income taxable profits taxpayers Taxsaver telephone UK resident VAT Returns weekly