BOOK REVIEW
TOLLEY’S TAX GUIDE 2014-15
Clear, concise guidance on all aspects of UK taxation
33rd edition
By Claire Hayes and Ruth Newman
Consultant Editor: Andrew Hubbard
ISBN: 978 0 75454 940 6
LEXISNEXIS/TOLLEY
www.lexisnexis.co.uk
THE ONLY BOOK OF ITS KIND TO PROVIDE OBJECTIVE, UNBIASED GUIDANCE ACROSS THE FULL RANGE OF UK TAXES – NOW AVAILABLE IN THE NEW THIRTY-THIRD EDITION
An appreciation by Phillip Taylor MBE and Elizabeth Taylor of Richmond Green Chambers
Once again, the beleaguered tax payer, as well as tax lawyer and accountant, can access an authoritative source of information and guidance on taxation, thanks to the admirable efforts of Tolley’s.
This latest edition from LexisNexis, of ‘Tolley’s Tax Guide 2014-15’ serves precisely this purpose. The fact that this is the thirty-third edition indicates the usefulness and reliability of this volume -- and therefore its continuing popularity over the years.
As this guide is updated every year to incorporate the changes in law and practice that occur annually – with each chapter revised accordingly -- it is important that you purchase each new edition as it comes out to keep yourself up to date.
This edition was published shortly after the passing of the Finance Act 2014 and includes its provisions plus the 2014-15 tax rates and all allowances. A very useful feature here, (among so many others) is the summary of the main tax changes in the past year, which allows the time-pressed reader to note the latest developments, with a view to identifying tax planning opportunities, as well as avoiding potential pitfalls.
Tolley’s maintain – and no opposition here -- that this publication is the only book of its kind to provide objective, unbiased guidance across the full range of UK taxes. In summary they are: corporation tax; income tax; capital gains tax; capital allowances; inheritance tax – and administration, plus updated details of VAT and stamp taxes. Written in plain English throughout by acknowledged tax experts, the guide provides any number of real-life examples which show in practical terms, how particular forms of taxation actually work.
The book commences with an introduction and outline of the UK tax system, followed by sections on employment… trading activities (sole trader, partnership or company)… land and buildings… tax and the family… and tax advice on investments. The conclusion of the book provides useful commentary on, for example, trusts and estates, charities, the construction industry and the main anti-avoidance provisions.
Certainly, the book is easy to use, the no less than sixty-one page index at the back being the main navigation tool, with references to numbered paragraphs throughout. As quoted in “The Times” of London, ‘people with no financial experience can dip into the guide for clear answers to specific problems.’
The book is of major benefit not just for professionals –lawyers, accountants and so forth -- but for the general reader, whether business or personal taxpayer. Anyone who pays taxes, or advises on taxation, will want to acquire this latest edition.
Do visit the publisher's website for their latest editions and new titles.
