A-Z of Business Tax Deductions

ISBN-13: 9781780437019 / Angielski / Miękka / 2015 / 364 str.

Annette Morley;Nicola Moore

Opis

A-Z of Business Tax Deductions is a valuable and time-saving first point of reference for UK tax practitioners wanting to check reliefs available on various aspects of their clients businesses. The book provides a succinct summary of the deductions available in each instance, key cases are summarized, and the key UK legislative and the HMRC manual references are also included. When looking at what deductions are allowable, it is generally accepted that there are a number of grey areas, as there is not a lot of legislation. Consequently, there have been a significant number of cases and the HMRC have issued guidance in a number of their manuals. In bringing together these sources, the book allows the practitioner to identify possible allowance and helps to draw conclusions in areas where there may be some ambiguity. The book is structured in a easily navigable A-Z format, allowing the reader to identify quickly the business area they are looking for. By bringing together UK legislative references, summaries of key cases and the HMRC guidance, the book helps the reader to understand the circumstances in which different deductions are allowable. It covers deductions allowable for sole traders, partnerships, and companies.

Spis treści

CONTENTS: Part 1 - General principles: Generally accepted accounting practice; Cash basis for unincorporated businesses; Capital or revenue expenditure; ‘Wholly and exclusively’; Part 2 - Business deductions generally: Advertising and sponsorship; Adjustments on a change of accounting basis; Bad and doubtful debts; Car hire; Charitable gifts; Compensation and damages; Counselling and retraining; Crime related payments; Defalcations or fraud by employees; Depreciation and loss on disposal of fixed assets; Dilapidations (leases); Employer benefit deductions; Entertainment; Ex-gratia payments; Fines; Fixed rate deductions (unincorporated businesses); Foreign exchange losses; Franchise payments; Gifts to customers; Guarantee payments; Herd basis; Hire purchase; Insurance; Loan and overdraft interest – General (unincorporated businesses); Interest on overdue tax and penalties; Incidental costs of obtaining loan finance (unincorporated businesses); Keyman insurance; Lease premiums; Lease rental payments; Legal and professional costs; Management charges; Mileage allowances (unincorporated businesses); Patent rights and expenses (unincorporated businesses); Pensions; Post-cessation expenses; Pre-trading expenses; Political expenditure; Provisions; Removal expenses; Remuneration; Replacement of integral features; Rent and rates; Repairs and renewals; Restrictive undertakings; Royalties; Security; Software (unincorporated businesses); Staff welfare costs; Subsistence; Tax (foreign); Trading stock; Trade subscriptions; Trade tools; Travel expenses; Use of home as office; Unremittable amounts; VAT; Websites (unincorporated businesses); Wayleaves; Work-in-progress