Report 2: A Quick Guide to UK Taxes

"No man in this country is under the smallest obligation, moral or other, so to arrange his legal relations to his business or to his property as to enable the Inland Revenue to put the largest possible shovel into his stores.” (Lord Clyde in Ayrshire Pullman Motor Services & Ritchie v CIR). Today's UK tax authorities have a number of different shovels to put into your stores, and the key to successful tax planning is to understand the nature of the “enemy”. This report sets out in overview, and in simple, jargon-free language, the way each tax works, giving examples of basic planning strategies.