Edition 2021-22
Publication May 2021
Length 944pp.
Suitable for Accountants, tax advisers, in-house tax departments
Price 95.00 (or see bundles page)
ISBN 9781912386390

Income Tax


This extensive work, part of our major new series of general tax annuals, aims to be the clearest single-volume guide to income tax in the UK. Written for accountants and tax specialists, the text is arranged across 10 sections, with a total of 42 chapters and nearly 1,000 pages of commentary.

With expert commentary from a number of specialist authors, the book covers all the basics, but also does much more. It addresses the difficult areas practitioners come across in their day-to-day work, including (for example) employee termination payments, farmers and creative artists, property fixtures and other capital allowances, life policies, leases and lease premiums, trusts and deceased estates, plus a major section on international tax matters. Covid-related reliefs are mentioned at appropriate places throughout the text.

The book follows the same approach to clarity and ease of use that is already familiar to practitioners using our more specialist titles. The logical table of contents, as well as the comprehensive indexing, makes it easy for readers to find what they are after. Click on the link further down to view a full table of contents but a brief summary is as follows:

  • Introduction and compliance (2 chapters)
  • Computational aspects (2 chapters)
  • Employment (10 chapters)
  • Self-employment (5 chapters)
  • Capital allowances (3 chapters)
  • Investment income (3 chapters)
  • Property income (3 chapters)
  • Pensions and state benefits (5 chapters)
  • International aspects (7 chapters)
  • Trusts and settlements (2 chapters)
  • Appendices, including tables of key data
With more than 900 pages, you'd expect this book to give wide coverage and, indeed, this is a strength, as are the extensive references to legislation and HMRC guidance. The writing style is clear and pitfalls and planning points are helpfully included. ... I commend Claritax for this first edition. TAXline - August 2021

Juliet Connolly CTA, ACA [International tax chapters] runs her own company, UK Expat, based in Melbourne. She formerly worked for smaller accounting practices in the UK and for KPMG, specialising in expatriate tax matters. Read more here.

Megan Saksida BA, CTA, FCA, TEP [Trusts and investment income chapters] lectures for exam training and post-qualification CPD courses, and speaks regularly at tax conferences. She is also a technical editor for CTA manuals, and is on the CIOT technical committee for successions. Read more here.

Karen Speight LL.B [Employment income, pensions, state benefits] has worked for more than 25 years in professional services, including 11 as a tax partner with Ernst & Young. Karen lectures on CTA and ATT courses, and prepares training manuals and associated support material. Read more here.

Lucy Webb CTA, ACA [Business taxes and FHLs] is a freelance tax writer, writing frequently for AccountingWeb as well as producing in-depth guides and CPD courses. Lucy formerly worked in the asset management tax team at Deloitte. Read more here.

Ray Chidell MA (Cantab), CTA (Fellow) [Capital allowances chapters] has written extensively in the tax press for nearly 30 years. He runs Claritax Books and also has a part-time role as a capital allowances specialist. Read more here.

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