Published: 23 September, 2016
All profits from the book will be donated to the Chartered Institute of Taxation’s Bridge the Gap initiative.
The book is being published by Tolley to celebrate its centenary year in 2016. Featuring a series of essays and contributions from leading tax figures - including politicians, policy-makers and practitioners - the book charts the modern development of the British tax system since Charles Tolley published the world's first tax card of rates and allowances in 1916.
Among the themes explored are:
* Why the First World War had such a critical impact on income tax, and how UK taxation has developed since then, with the part played by each of the major taxes
* From squeezing the rich to incentive-based taxes, and why the single most important change in the income tax regime came with the Thatcher reforms of the 1980s
* From direct to indirect taxation; the impact of joining the Common Market and the future for VAT in the post-Brexit era?
* Corporation tax - from 52% to Google, and the development of the anti-avoidance landscape
* The correlation between tax revenues and the benefits system
* The changing role for investigation and regulation, and how the tax profession has developed alongside
* The 'State of Tax Today' - the widening of the tax debate, greater public scrutiny and trust, and the ongoing need for simplification of the longest and most complex tax code in the world
* On the horizon for taxpayers - 'Making Tax Digital', HMRC's Business Tax Roadmap and what next after BEPS (the Base Erosion and Profit Sharing) initiative
* Principles of tax - the potential for redrawing the parameters upon which taxation is presently based, including concepts of residence, source and accounting profit
It includes an innovative fold-out timeline highlighting the main events from the Tolley centenary that have shaped the modern tax code and the tax profession.
All profits from the book will be donated to the Chartered Institute of Taxation's Bridge the Gap initiative that supports the work of the two tax advice charities, Tax Aid and Tax Help for Older People.
Contents
1. A century of taxation – David Smith;
2. The state of tax today – John Cullinane;
3. 100 years of Tolley tax – David Smailes;
4. HMRC and the changing role of tax regulation and investigation – Tina Riches;
5. The swing of the pendulum – tax avoidance in modern times – Graham Aaronson QC;
6. The goose’s golden egg: taxes, benefits and redistribution in the UK – Paul Johnson and Barra Roantree;
7. Taxation and investor state disputes – Roderick Cordora QC SC and Lucja Nowak;
8. The changing face of the tax profession and professional bodies – Professor Jane Frecknall-Hughes;
9. Adapting to challenges in the global workplace – Peter Drury;
10. A century of tax cases – the weird, wonderful and utterly pointless; – Andrew Hubbard
11. The future for tax: the next five years and beyond - Contributors: Paul Aplin OBE; Philip Baker OBE QC; Mike Cherry, Federation of Small Businesses; Jason Collins; Michael Conlon QC; Professor Judith Freedman CBE; Rt Hon David Gauke MP; Ashley Greenbank; Stephen Herring, Institute of Directors; Rt Hon Dame Margaret Hodge; Tony Monger; Will Morris; Paul Morton; Pascal Saint-Amans; Charlotte Sallabank; Rupert Shiers; Anthony Thomas; Edward Troup