This title offers an annually revised and straightforward explanation of: Income Tax; Corporation Tax; Capital Allowances; Capital Gains Tax; Inheritance Tax; Value Added Tax; The Council Tax; and Self-Assessment. It contains advice on how to reduce your tax liabilities. It explains the tax system, including self-assessment, appeal procedures, and the way tax is charged on remuneration, investment income, property, companies and the self-employed. It gives details of the reliefs from taxation available to husband and wife or civil partner, children, retired people, clubs and charities; and on capital gains, inheritance tax and visits abroad. It incorporates all the major changes announced by the Chancellor in the March 2007 Budget.
Richard Somers is a Chartered Accountant with a practice in Tetbury. Tony Jones is a taxation specialist working with Richard Somers.