Tolley's Tax Guide 2015-16

OUTLINE OF UK TAX SYSTEM
Income tax and tax credits: general principles
Corporation tax: general principles
Capital gains tax: general principles
Inheritance tax: general principles
Stamp taxes
Value added tax: general principles
Council tax and business rates
Administration

EMPLOYMENT
Employments: taxable income and allowable deductions
Employee share options and awards
Directors of small and family companies
National insurance contributions: employees and
employers
Statutory sick pay and statutory maternity etc pay
Golden handcuffs and golden handshakes

PENSIONS
Occupational and state pension schemes
Personal pension schemes

TRADING ACTIVITIES
Sole trader, partnership or company?
Starting up a new small or part-time business
How are business profits calculated?
How are business profits charged to tax?
Capital allowances
Partnerships
National insurance contributions for the self-employed
Losses of sole traders and partners
Company losses
Transfer of business to or from limited company
Selling the family company
Encouraging business investment and enterprise

LAND AND BUILDINGS
The family home
A country life: farms and woodlands
Investing in land and buildings

TAX AND THE FAMILY
Family matters
Especially for the senior citizen
Making a will and estate planning

CHOOSING INVESTMENTS
Tax on investments
Investing in banks and building societies
Investing in stocks and shares
Chattels and valuables
Sensible use of life insurance

MISCELLANEOUS
The overseas element
Trusts and estates
Charities and charitable trusts
Contractors and subcontractors in the construction
industry
Main anti-avoidance provisions