What Everyone Needs to Know about Tax
An Introduction to the UK Tax System
James Hannam
- You
- are
- paying
- much
- more
- in
- tax
- than
- you
- think
- you
- areWhat
- Everyone
- Needs
- to
- Know
- About
- Tax
- takes
- an
- entertaining
- and
- informative
- look
- at
- the
- UK
- tax
- system
- in
- all
- its
- glory
- to
- show
- you
- just
- how
- much
- you
- pay,
- how
- the
- money
- is
- collected
- and
- how
- it
- affects
- ordinary
- people
- every
- day.
- Giving
- context
- to
- recent
- controversies
- including
- the
- Panama
- Papers,
- tax
- avoidance
- by
- multinationals,
- Brexit
- and
- more,
- this
- book
- provides
- a
- straightforward
- explanation
- of
- tax
- and
- the
- policy
- behind
- it
- for
- non-specialists
- —
- no
- accounting
- or
- legal
- knowledge
- is
- required.
- The
- system's
- underlying
- logic
- is
- illustrated
- through
- three
- 'golden
- rules'
- that
- explain
- many
- of
- the
- UK
- tax
- regime's
- oddities,
- and
- the
- discussion
- focuses
- on
- the
- way
- things
- are
- rather
- than
- utopian
- ideas
- about
- how
- they
- might
- be.
- Case
- studies
- show
- 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
- so
- little
- tax
- on
- a
- six-figure
- income;
- and
- the
- way
- tracing
- the
- money
- you
- paid
- for
- your
- iPad
- sheds
- light
- why
- the
- EU
- is
- demanding
- Apple
- pay
- billions
- extra
- in
- tax.Ever
- the
- political
- battlefield,
- tax
- is
- too
- important
- for
- you
- to
- rely
- on
- media
- hype
- for
- information.
- It
- affects
- everyone,
- every
- day,
- and
- it
- pays
- for
- voters
- and
- taxpayers
- to
- know
- more.
- This
- book
- leaves
- aside
- technical
- detail
- and
- the
- arcana
- of
- the
- tax
- code
- to
- give
- you
- a
- real-world
- look
- at
- how
- tax
- works.With
- tax,
- we
- have
- to
- admit
- that
- there
- are
- no
- easy
- answers.
- No
- one
- enjoys
- paying
- them,
- but
- without
- them,
- the
- Government
- would
- shut
- down.
- Seeing
- through
- politicians'
- cant
- and
- superficial
- press
- coverage
- is
- critical
- for
- your
- ability
- to
- make
- the
- decisions
- that
- benefit
- you;
- What
- Everyone
- Needs
- to
- Know
- About
- Tax
- gives
- you
- the
- background
- and
- foundational
- knowledge
- you
- need
- to
- be
- a
- well-informed taxpayer.
