This title is now established as the definitive text in the important area of Revenue Law. This completely revised edition incorporates all of the most recent changes in the law in this important area and now incorporates an entire section on the law relating to Value Added Tax. The principles and policy behind the development and application of revenue law are explored through a contextual approach which helps the reader develop an understanding of their many complex rules and reform. The book will be invaluable to undergraduate and professional students of law, accountancy, business and taxation on traditional as well as open learning courses. It will also serve as an essential reference guide for practitioners of law, accountancy and taxation.
History, Functions and Systems The Territorial Scope Income Tax: Introduction and General Concepts Income Tax: Schedule E – Offices, Employments and Emoluments Income Tax: Schedule E – Allowable Expenditure Income Tax: Schedule D Cases I and II – Introduction and General Concepts Income Tax: Schedule D Cases I and II – Trading Receipts Income Tax: Schedule D Cases I and II – Trading Expenditure Income Tax: Capital Allowances Income Tax: Schedule D Case VI Income Tax: Schedule D Case III – Pure Income Benefits Income Tax: Trusts and Settlements Capital Gains Tax – Chargeable Persons and Activities Capital Gains Tax – Disposal Consideration Capital Gains Tax – Acquisition Cost and Allowable Expenditure Capital Gains Tax – Exemptions and Reliefs Companies and Corporation Tax Inheritance Tax – Chargeable Persons and Activities Inheritance Tax – Exemptions and Reliefs Inheritance Tax – Settled Property Value Added Tax – Introduction Value Added Tax – Supplies of Goods and Services Value Added Tax = Consideration and the Taxable Amount Value Added Tax – Tax Rates and Exemptions Value Added Tax – The Right to Deduct Input Tax Value Added Tax – VAT as a Tax on Consumption Tax Planning
Dr Abimbola A Olowofoyeku is Professor of Law at Brunel University. James Kirkbride is Professor and Dean, Faculty of Business and Law at Liverpool John Moores University. Dr Deborah Butler is lecturer in law at Staffordshire University.