St. James's Place Tax Guide 2011-2012

The annual St. James's Place Tax Guide is a reliable, practical and user-friendly guide which explains in simple terms how the UK tax system works and how best to minimise tax liabilities. It is designed both for private individuals needing advice on self-assessment and tax saving, and for professionals needing to check the latest rules. This 40th anniversary edition is fully updated to reflect the 2011-2012 tax system and the important changes announced for future years. Tax changes for the year are highlighted in the opening chapter, whilst the closing chapters give updated tax saving hints and tax tables. Some of the tax changes for 2011-12 included in this edition are: * Personal allowance increased to GBP7,475 subject to reduction for incomes over GBP100,000. * Gift Aid - improved rules * Company car scheme changes * Corporation tax rate reductions * New rules regarding foreign branches * Anti-avoidance provisions including new disguised remuneration rules * Improved ISA limits and a new ISA scheme for children. * Important changes to the pensions tax rules * Inheritance tax-a lower rate on death where at least 10 per cent of the estate is left to charity. * National Insurance Contributions- higher rates * Consultations regarding combining income tax and national insurance contributions at some future time.