BOOK REVIEW
TOLLEY'S EMPLOYMENT TAX PLANNING 2012-13
2nd edition
By Amanda Sullivan with Graham Farquhar
Tolley LexisNexis Butterworths
ISBN: 978 0 7545 4405 0
www.lexisnexis.co.uk
ATTENTION TAX LAWYERS, EMPLOYMENT LAWYERS AND ACCOUNTANTS! 'TOLLEY'S EMPLOYMENT TAX PLANNING' IS NOW AVAILABLE IN A NEW 2nd EDITION
An appreciation by Phillip Taylor MBE and Elizabeth Taylor of Richmond Green Chambers
Recently published by LexisNexis, Amanda Sullivan's excellent new edition of Tolley's Employment Tax Planning has become an indispensable reference for employment lawyers, tax advisers, or indeed anyone involved in employment tax planning.
In one handy paperback volume of over 800 pages, Sullivan and her colleague, Graham Farquhar, provide a one-stop guide to the income tax and NIC matters pertaining to employment income, together with all the relevant compliance issues. One ultra-convenient aspect is that it is cross-referenced to HMRCs internal manuals.
Not only does this new second edition cover the basic legislation, it also contains much new material, including charges on employment income and the regular changes that have affected it in recent years in response to government policy, notably increased charges on company cars-- and tax incentives to encourage 'greener' transport.
Other new material includes and expounds upon the changes wrought by the 2011 Finance Act with respect to employee pension provision and the rules on third party remuneration and non-domiciled individuals.
Speaking of which, do note that, from April 2013, there will be two significant new developments: one, a statutory residence test, replacing the current rules, which will decide the status of an employee with respect to such matters as factual presence in the UK and specific work activities. The second is Real Time Information (RTI) which will affect the operation of PAYE.
Especially important for the busy practitioner, the book is easily navigable and designed to make it easier to look up information. There is a detailed contents list at the front plus, as you would expect, extensive tables of statutes and cases, as well as abbreviations and references.
With all this, plus the 35 page index at the back, there are no less than eight appendices, including forms and reference tables, plus additional material such as a guide to income tax and NI contributions charges... advisory fuel rates... HMRC compliance checks... a Compliance Dates Diary... and more.
Positively intriguing (apropos the often complex issue of self-employment) is the HMRC list of behind-the-camera jobs, from animal trainer to writer, the latter of which -- wouldn't you know -- doesn't include reporters.
If you're an employment law practitioner, or tax specialist, this book is definitely the one resource you cannot conceivably do without.
Do visit the publisher's website for their latest editions and new titles.
