Tolley's Accounting for Tax Professionals 3rd ed

Tolley's Accounting for Tax Professionals is an essential guide to the accounting rules relevant to the work of a tax professional in the UK. Designed specifically for busy tax practitioners, this highly regarded handbook discusses how the tax charge is based on accounting principles. It explains those principles and the particular requirements of Financial Reporting Standards, as they apply to sole traders and partnerships, as well as companies.

New for the 3rd edition

• 2022 Supreme Court declaration of the “Golden Rule” that tax follows accounting standards: Revenue and Customs Commissioners v NCL Investments
• Additional material on company distributions
• Relaxation of rules for micro-entities
• Deferred tax provision for imposition of a minimum tax charge