Tax for Dummies (For Dummies S.) -- Paperback

Laing, Sarah

Wiley（2008/04発売）

• 製本 Paperback:紙装版/ペーパーバック版
• 商品コード 9780470998113

Full Description

Britain's tax levels are currently at their highest point in the last twenty years (Thisismoney.co.uk - October 2007). Taxes such as Stamp Duty and Council Tax are putting ever more pressure on taxpayers. However, tax is a notoriously complicated subject that can be difficult to understand - and it's something that everybody is affected by as all UK citizens are under the taxman's watchful eye. Paying tax is something none of us can escape; but if we had a better understanding of how the whole system works we'd be far wiser with our money and potentially make significant savings. Here's where "Tax For Dummies" steps in: it provides easy to understand advice from the experts, allowing you to get to grips with every aspect of tax - from child credit and investments to pensions and inheritance tax - and gain greater control over your finances. For the nine million people who have to work out their own tax bill there's a jargon-free step-by-step guide to completing a self-assessment form.

Contents

IntroductionAbout This BookConventions Used in This BookWhat You're Not to ReadFoolish AssumptionsHow This Book Is OrganisedPart I: Tax FactsPart II: Tax through Your AgesPart III: Pensions and BenefitsPart IV: Working for Someone ElsePart V: Working for YourselfPart VI: The Part of TensIcons Used in This BookWhere to Go from HerePart I: Tax Facts Chapter 1: Thinking About TaxLooking at Types of TaxKnowing How You Pay TaxesKeeping Money in Your PocketSaving tax on savingsGiving money awayInvesting in propertyReceiving pensions and benefitsChapter 2: Understanding the Legal FrameworkLaying Down and Interpreting the LawLaying down the lawInterpreting the lawGetting to Know HMRCSeeing Who Is Liable for TaxEstablishing your residenceAscertaining your domicileClaiming Allowances and ReliefsKnowing who can claimMaking the claimDistinguishing between Avoidance and EvasionLooking After Your RecordsChapter 3: Self AssessingKnowing Who Does Self AssessmentUnderstanding the ProcessRemembering the Important DatesPaying Your Tax BillPaying your tax bill if you're self-employedPaying your tax bill on other sources of incomePaying Interest and PenaltiesUnderstanding interestFacing penaltiesDealing with EnquiriesGoing through the processNegotiating a settlementKnowing Your RightsHMRC's rightsYour rightsFinding HelpChapter 4: Working Out How MuchIncome Tax Is DueGoing through the Calculation StepsAdding up your incomeDeducting allowancesApplying the tax rates and bandsMaking final reductionsDoing the MathsPart II: Tax through Your AgesChapter 5: Supporting ChildrenGetting Money from the GovernmentClaiming Child Tax CreditReceiving childcare support through WorkingTax CreditBenefiting from child benefitMaking the most of Child Trust FundsCollecting fostering care reliefGiving Money to ChildrenGiving to under-18sPaying out to over-18sSetting up a trustChapter 6: Making Tax-Efficient InvestmentsReceiving Tax-Free Income from InvestmentsInvesting Tax-EfficientlyLooking at popular investmentsCollecting valuablesBetting and racehorsesInvesting on the stock marketBuying into unit trustsSaving for school feesGiving to CharitiesUnderstanding Gift AidMaking a claim through Gift AidGiving through your employer's payrollPaying Tax on Investment IncomeDeducting tax from savingsClaiming back tax on savingsTaxing dividendsDealing with Capital Gains Tax (CGT)Chapter 7: Investing in PropertyPaying Taxes on PropertyStumping up for stamp dutyForking out for council taxRunning a Property Income BusinessPaying tax through self assessmentUnderstanding rental incomeDeducting expensesClaiming capital allowancesRelieving your lossesLetting Your Spare RoomRenting Out Holiday Homes and Overseas PropertiesLetting out a holiday home in the UKReceiving rent from property abroadDabbling in Property DevelopmentSelling UpDeciding which is your main residenceAvoiding capital gains taxChapter 8: Passing On Your WealthAdding Up What You're WorthUnderstanding your estateDiscounting your business assetsKnowing the tax ratesMaking GiftsUnderstanding the seven-year ruleUsing your exemptionsSharing with your spouse or civil partnerGiving with reservationTurning Capital into an IncomePaying Inheritance TaxDrawing Up a WillUnderstanding the importance of a willSetting up trustsMaking specific bequestsChanging your willPart III: Pensions and BenefitsChapter 9: Understanding UK PensionsUnderstanding the BasicsLooking at State PensionsNoting your entitlementFiguring out when you reach retirement ageObtaining a forecastDeferring your state pensionApplying for Pension CreditThinking About Private and Occupational PensionsPaying into a pensionUnderstanding occupational pensionsTopping up with extra paymentsBuying an annuity to save taxTaking your pensionFinding Further HelpContacting HMRCTalking about National InsuranceSeeking other supportChapter 10: Paying Tax on Your PensionKnowing What's TaxableUnderstanding the basicsLooking at tax-exempt pensionsReceiving a foreign pensionEstablishing Your AllowancesUnderstanding the age-allowance trapEscaping the tax trapPaying Tax under PAYEPaying tax on state pensionsPaying tax on occupational and private pensionsPaying tax on both state and occupational orprivate pensionsPaying tax on your retirement annuityChapter 11: Looking at State Benefits and TaxUnderstanding State BenefitsLooking at entitlement to state benefitsKnowing which benefits are taxablePaying Voluntary NICsWorking out who pays voluntary NICsDeciding whether to top up your NICSPaying for earlier yearsPart IV: Working for Someone ElseChapter 12: PAYEing Tax in EmploymentConsidering Your Employment StatusKnowing What You Pay Income Tax OnPaying Class 1 NICsKnowing who pays Class 1 NICsLooking at how much you payContracting outReducing contributions for married womenPaying Class 1A and 1B NICsCollecting NICs directlyDeferring payment of NICsUnderstanding Your Employer's ResponsibilitiesDeducting tax using your PAYE codeIssuing tax certificatesChecking Your PayWorking out your take-home payRepaying a student loanNoticing when your employer gets it wrongLooking at Special PAYE SituationsReceiving Payments for Losing or Leaving Your JobBeing made redundantReceiving pay in lieu of noticeGoing to a new employerChapter 13: Receiving Expenses and BenefitsTaxing Expenses and BenefitsExplaining expenses and benefitsExamining the general tax rulesTravelling to and for WorkCounting the cost of a company carDriving the work's vanGoing green and saving taxReceiving Other BenefitsClaiming relocation expensesPaying for childcareRealising other tax-free perksSpecial deals for special jobsChapter 14: Sharing Your Employer's FortunesIntroducing Share SchemesWorking out what's on offer to whomAdding up the tax savingsListing the types of schemesSaving with a SAYE SchemeUnderstanding how SAYE worksGrowing your money in a SAYE schemeCashing in your SAYE fundLeaving the scheme earlyParticipating in Share Incentive PlansGetting free sharesGoing into partnership with your employerMatching shares with your employerDivvying up the dividendsSharing Out the OptionsOpting for a Company Share Option PlanEnterprising investmentsGoing beyond ApprovalPart V: Working for YourselfChapter 15: Starting a BusinessUnderstanding the Terms Sole tradersPartnershipsLimited liability partnershipLimited liability companyQualifying for self-employed statusEstablishing whether you're tradingFormalising the BusinessRegistering your new businessPaying national insurance contributionsRegistering for VATCharging VATPaying VATChoosing an AccountantGetting Other HelpChapter 16: Running a BusinessKeeping Business AccountsGetting to grips with record-keepingChoosing your accounting dateWorking Out Your Business's Income Tax BillAdding up your incomeOffsetting business expensesClaiming capital allowancesRelieving your lossesPaying National Insurance on YourSelf-Employment IncomeClarifying the classesAvoiding overpaymentContracting and Subcontractingin the Construction IndustryExamining contractorsLooking at subcontractorsExpanding Your BusinessTaking on employeesEmploying your familyWinding Up the BusinessChoosing between closing down and selling upLetting your employees knowCalculating your final tax liabilityDeregistering for taxesChapter 17: Incorporating Your BusinessEvaluating IncorporationLooking at the disadvantagesof the company routeExamining the upside of company statusPutting the options into practiceDeciding whether to incorporateMaking the Transition in Your AccountsForming a Limited CompanyUnderstanding the legal frameworkDrawing up the paperworkCommunicating with HMRCGetting the family involvedAbiding by anti-avoidance legislationDeciding How to Pay YourselfMinimising the company's corporationtax liabilityPaying yourself out of the profitsSelling Your CompanyMinimising your tax billDeciding what to sellSelling your shares back to the companyPart VI: The Part of TensChapter 18: Ten Tax-Saving TipsOptimising Your Personal AllowanceKeeping an Eye on Age AllowancesUsing Your Capital Gains Tax ExemptionsTracking the Offsetting of Your LossesSharing the Wealth With Your PartnerHelping Your Kids Avoid Inheritance TaxClaiming Household Expenses WhenYou're Self-EmployedGetting Your Employer to Cough Upfor Home ExpensesMaking the Most of Your SavingsPlumping Up Your PensionChapter 19: Ten Tips for Dealing withHM Revenue & CustomsOrganising Your PaperworkKeeping Hold of RecordsFinding the Facts to Help YouDiscussing Your Tax AffairsKnowing Your RightsMaking a ComplaintNotifying ChargeabilityAvoiding EnquiriesStaying on the Right Side of the LawFinding Professional AdviceChapter 20: Ten Tips for Starting and RunningYour Own BusinessEngaging an AccountantGetting Free AdviceRegistering As Self-EmployedThinking about National InsuranceRegistering with the VAT ManPaying Your Tax BillUsing Up Loss ReliefsBecoming an EmployerGrowing the BusinessThinking of Moving OnAppendix: Further InformationHMRC HelplinesPensions GuidanceGuides for planning aheadGuides for pensionersClaim formsGeneral guidesBenefit RatesNon-taxable state benefit ratesTaxable state benefit ratesIndex