Bloomsbury Professional Inheritance Tax 2021/22, Chris Erwood, Iris Wunschmann-Lyall, Mark McLaughlin

Автор: John Hiddleston
Название: Bloomsbury Professional Income Tax 2021/22
ISBN: 1526518430 ISBN-13(EAN): 9781526518439
Издательство: Bloomsbury Academic
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Цена: 23126.00 р.
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Описание: Offering a practical overview of income tax in the UK from one of the UK’s leading tax writers, Income Tax 2021/22 covers day-to-day issues frequently encountered by tax practitioners, explaining in straightforward terms what the law means in practice. This new edition has been updated throughout for 2021/22 income tax rates and allowances, and includes the following: - Commentary on the Making Tax Digital (MTD) project, including flagging up what taxpayers can do to get ready for MTD for income tax - New commentary on the European Union (Future Relationship) Act 2020 - New material relating to late payment and deliberately withholding information penalties - Commentary on the Covid-19 Self-Employment Income Support Scheme (SEISS), Furlough Scheme and various other Covid-19 temporary measures - New material on changes to the taxation of employee termination payments - Commentary on various changes to the taxation of personal services provided through intermediaries - New material and commentary on enhanced rate of Structures and Buildings allowance within freeport tax sites - Commentary on HMRC Trust Register Scheme (TRS) obligations This accessible reference guide has a user-friendly structure with ‘signposts’ at the beginning of each chapter to summarise key topics and ‘focus points’ throughout to highlight important issues, as well as numerous worked examples to demonstrate how to apply the main principles in practice. John Hiddleston is a Tax Consultant at Azets. He has held senior roles in the tax technical departments of Top 20 accountancy firms – having been Head of Tax Technical at Vantis and, before that, National Director of Tax Technical at Howarth Clark Whitehall (Crowe UK).

Автор: Andrew Parkes
Название: Bloomsbury Professional Tax Insight - Withholding Tax
ISBN: 152651575X ISBN-13(EAN): 9781526515759
Издательство: Bloomsbury Academic
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Цена: 9636.00 р.
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Описание: UK withholding tax is a method of collecting tax at source from the person who makes a payment instead of raising an assessment on the recipient. It is is an effective way for tax authorities (HMRC) to collect tax. It passes the administrative burden onto the person making the payment (the payer) to: - withhold the appropriate amount of income tax from the payment - account for such tax to HMRC - submit returns to HMRC containing information on the amounts paid and withheld in respect of UK tax, and issue tax statements or certificates to the recipient informing them of the amount of the payment and the amount of the tax deducted even though the tax is due in respect of income belonging to the recipient. As a general rule, UK domestic law requires companies making payments of interest to withhold tax at 20% Withholding tax is an income tax that often affects companies. It doesn’t fit neatly into publications aimed at income tax, where corporation tax practitioners may miss it, or corporation tax, as it is strictly income tax and has relevance for individuals. Covers the following issues: - Interest, covering the domestic withholding requirement, then moving on to consider how the recipient may claim a reduction or repayment, considering the role of double taxation treaties and, for now, the EU Interest and Royalties Directive (under UK law, a company may have a duty to withhold tax in relation to the payment of either interest or royalties. - Royalties; the obligation to withhold , and moving on to consider how the tax to be withheld can be reduced or repaid. The role of double taxation treaties and the EU directive will also be covered here. - How withholding tax relates to dividends. - Discussion of the Offshore Receipts in respect of Intangible Property regime. This is not strictly a withholding tax, but the regime has its roots in the royalties withholding tax rules. - The possible impact of Brexit will be covered where relevant. The guidance is illustrated by the use of diagrams and flow charts and case studies. Relevant case summaries are referenced throughout.