Fully updated for the 2010/2011 tax year, this book takes the hassle out of taxAlthough you can't escape tax, you can make it easier to deal with. Whether you want to work out the taxes on your own business, make tax-efficient investments or simply understand where your money's going, this plain-English guide has it all. Get to grips with the UK tax system and discover how to make potentially significant savings on your tax bill.Tax facts – get the low-down on tax essentialsTax through your ages – find out how to make the most tax-savvy decisions at every stage of your lifePensions and benefits – understand the ins and outs of taxes paid on pensions and state benefitsWorking for someone else – keep an eye on your pay packet and make the most of incentive schemesWorking for yourself – learn how to manage your company's taxes, whether you're just starting out or are a veteran business-ownerOpen the book and find:Advice on complying with self-assessment regulationsTechniques for calculating how much income tax you oweUpdates on the most tax-friendly investments for you and your childrenHow to manage property tax, whether you're buying, selling or rentingWays to reduce inheritance taxThe best way to pay VAT on your own businessThe tax benefits of becoming a limited companyDay-to-day tax-saving techniques"e;Tax 2010/2011 For Dummies is expertly written in plain, everyday language that makes a complicated subject easy to understand. It's simple to follow, and full of invaluable tax tips and reminders. Highly recommended for someone looking for a straightforward introduction to the world of tax."e;—Mark McLaughlin, CTA (Fellow) ATT TEP, Chartered Tax Consultant, Author and EditorLearn to:Understand your tax status and fulfil your legal obligationsCalculate your business taxesFill out a self-assessment formMake tax-efficient investments