What Everyone Needs to Know about Tax is published by Wiley, best known for their For Dummies series, and is available from bookshops, Amazon.co.uk and direct from the publisher (use the code JHT30 for 30% off if you order from Wiley).
With no accounting or legal knowledge required, it contains practical examples to illustrate how tax functions in the real world, for example: how the VAT on a plumber's bill all adds up; why fraudsters made a movie to throw HMRC off their scent; how a wealthy couple can pay minimal tax on a six-figure income without any fancy planning; and the way tracing the money you paid for your iPad sheds light why the EU is demanding Apple pay billions extra in tax.
Written in a conversational style, What Everyone Needs to Know about Tax gives you a real-world look at how tax in the UK works. In it you will be able to:
- Learn about the many ways that the tax system separates us from our money
- Discover how Brexit could change the way we pay taxes
- Understand how changing tax policy affects people's everyday lives
- See through the rhetoric from politicians and the media surrounding tax controversies
The system's underlying logic is illustrated through three 'golden rules' that explain many of the UK tax regime's oddities:
- Lots of small taxes together add up to make big tax bills – “The point of all these taxes is to spread the pain so we notice it less.”
- No matter what name is on the bill, all taxes are ultimately suffered by human beings – taxes levied on manufacturers are passed on to the consumer through a higher price for the product
- Taxes are kept as invisible as possible – “Since we all hate paying taxes, the government has perfected the art of ensuring that we rarely have to hand over the money ourselves. Most taxes are paid by businesses on our behalf.”
With tax, there are no easy answers. No one enjoys paying them, but without them, the government would shut down.
Whether you are self-employed, have a general interest in the way the UK tax system works, are a finance or tax professional, or a student wanting to understand more about taxation in a break from traditionally dry text books, What Everyone Needs to Know about Tax gives you the background and foundational knowledge you need to be a well-informed taxpayer.
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6 comments:
James,
Thank you. I have ordered a copy.
Thank you, I hope you enjoy it. Do let me know if you have any comments.
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