Tax Schedule Guide: Understanding Warranties & Indemnities for Small Business Owners | Financial Planning & Legal Protection

THE KEY PRINCIPLES BEHIND THE TAX SCHEDULE EXPLAINED –NOW IN A NEW THIRD EDITION WITH ACCOMPANYING CD ROM.An appreciation by Phillip Taylor MBE and Elizabeth Taylor of Richmond Green ChambersTax specialists coping with the almost overwhelming number of changes and new developments in tax legislation will welcome this newest and latest edition of ‘The Tax Schedule’ from Spiramus, the specialist tax, finance and business publisher.The fact that this is the third edition attests to this title’s reputation as an established work which, from the first edition onward has aimed to clarify and simplify tax issues involved in the buying and selling of companies involving willing sellers and willing buyers.The author Eile Gibson, a qualified barrister and solicitor, is a well-known tax adviser on corporate transactions who now runs her own London-based tax advisory practice. Her remarks on the dizzying rate of new tax legislation are worth noting: ‘We have now witnessed continued erosion of the powers of the tax evasion industry,’ she says, ‘including a new Targeted Anti-Avoidance Rule (TAAR), draconian penalties and new HMRC powers, major changes in the taxation of UK property for non-UK residents and non-UK domiciles…’ and so forth.This is a changing and often bewildering landscape if there ever was one -- and it is fortunate that the aim of this book is to assist tax specialists -- as well as general readers -- faced with the task of navigating it.Tax specialists, by the way, would include tax lawyers, tax accountants, corporate lawyers, corporate advisors, finance directors and anyone involved in the sale of a business or company. Any user of this book will of course appreciate the glossary of some twenty-four pages which offers succinct explanations of the terminology (some might call it jargon) and the not uncommon abbreviations and acronyms which crop up in this field.What is especially valuable about the book is the accompanying -- and certainly time-saving – disk on the inside front cover, which enables practitioners to download templates of, for example, forms, warranties, checklists, relevant legislation and more, most of which can be adapted to suit individual client requirements.Anyone needing a clear explanation of the key principles behind the tax schedule should rush out and get a copy of this new edition, particularly for the new material it contains, especially the changes in legislation as announced as at 15 September 2016.