Despite our best efforts, some errors will be found in a textbook of this complexity where such frequent changes of regulations make the annual updating of this text a complex task.

Where such errors are discovered by us, or pointed out to us by users of the book, we will list them on this page so that everyone can be informed of any mistakes found.

1. Chapter 4 - page 95: Thomas Lester tax computation for 2005/6
   The tax withheld or added back % for charges is shown in the book as 20% but should be 22% as taxes withheld on charges where they are still used (now increasingly rare - at this level of study at least) is withheld at basic rate (the computation is correct at £110.00 - just the 20% listed is incorect)

2. Chapter 4 - page 119: MCA adjustment correction
   The MCA computation adjustment for Denis under the situation where he had £25,000 STI rather than £20,000 is incorrectly calculated. This final paragrapgh of this section should read -
   ... For example, had his statutory total income been £25,000 his personal allowance would have been reduced to £4,895 leaving an extra £425 [((£25,000 - £19,500) x 1/2) - £2,325] to be reduced from his MCA, leaving him with an MCA of £5,550 (£5,975 - £425).

3. Chapter 4 - page 127
   In part b) the figure of £156.55 should in fact be £171.55 as the calculation should be £282.05 - £110.50 (not £282.50 - £125.50 as it currently reads). The £110.50 obviously is the Tax due you have just calculated in this part of the question.

4. Chapter 5 - page 158: CO2 Emissions table error
   The % figures given in this table (and where the same information is reflected in Appendix A page 390) and all out by 1%. Therefore, a petrol car with CO2 emissions of 172g/km should have a 21% charge against it as a benefit in kind rather than 22% as the table in the book indicates. Likewise, a diesel engined car with emissions of 206g/km would have a charge of 31% applied to it this tax year, not 32% as the table in the book proposes.

   See the Ratecard page for a corrected version of this table as part of our downloadable rate card.

5. Chapter 6 - page 209: incorrect basis periods in answers given
   The answer to part c) should be 2004/5 (not 2005/6 as given) and to part d) sould be 2002/3 (not 2003/4 as given). All other parts are correct as printed in the textbook.

6. Appendix A - page 387: misaligned columns in Taxable Bands table
   The column headings in this table have become confusingly misaligned in the printing process. The forst named column should simply be related to Non-Savings ONLY. The second column heading should read - Savings/Capital Gains Tax. The third column heading is correct. This has been corrected in the rate card download page you can find here.