This title has been used as a 'go to' reference source for undergraduate students on business and finance courses for the past fifteen years. Under the new general editors, Anne Fairpo and David Salter, the content is being refocussed to ensure it remains relevant to the student market.
The book provides readers with an understanding the law relating to all areas of UK taxation with extensive cross references to HMRC guidance, tax legislation and relevant case summaries.
It is structured to allow the reader to quickly find information on the area of tax that interests them, and includes chapters on the impact of EU law, and Human Rights and Taxation.
The new edition will be updated in line with Finance Act 2019, including changes to the law around stamp duty land tax, capital allowances, and UK property income of non-UK resident companies.
Read an extract of Revenue Law: Principles and Practice
Table of Contents
Section 1 Introduction 1 UK taxation – structure and philosophy 2 Tax avoidance and the courts 3 Tax avoidance and legislation 4 Administrative machinery 5 Tax avoidance, the future and the disclosure rules Section 2 Income tax Introduction to income tax 6 General principles and taxation of individuals 7 Computation charges, allowances and rates 8 Taxation of employment income 9 Employee participation: options, incentives and trusts 10 Trading income 11 Capital allowances 12 Losses 13 Land 14 Miscellaneous income 15 Deduction of tax at source – annual payments and others 16 Taxation of savings and investments 17 Pensions 18 Trusts and settlements 19 Estates in the course of administration 20 The overseas dimension Section 3 Capital gains tax Introduction to capital gains tax 21 CGT – basic principles 22 CGT – entrepreneurs' relief 23 CGT – death 24 CGT – exemptions and reliefs 25 CGT – the main residence 26 CGT – gifts and sales at an undervalue 27 CGT – settlements 28 CGT – companies and shareholders 29 CGT – offshore matters for individuals 30 CGT – offshore trusts Section 4 Inheritance tax Introduction to inheritance tax 31 IHT – lifetime transfers 32 IHT – reservation of benefit 33 IHT – death 34 IHT – exemptions and reliefs 35 IHT – settlements: definition and classification 36 IHT – settlements not subject to the relevant property regime 37 IHT – the relevant property regime 38 IHT – excluded property and the foreign element 39 Relief against double charges to IHT Section 5 The family Introduction to taxation issues for the family 40 Taxation of the family unit 41 Matrimonial breakdown Section 6 Business enterprise Introduction to business tax 42 Corporation tax 43 Company distributions and shareholders 44 Corporate groups Introduction to partnership tax 45 The taxation of partnerships 46 Limited liability partnerships 47 Choice of business medium 48 Incorporations, acquisitions and demergers 49 Taxation of intellectual property Section 7 VAT Introduction to VAT 50 VAT – the foundations 51 VAT – UK provisions 52 VAT on property 53 Practical application of VAT Section 8 Transaction taxes Introduction – evolution from a charge on documents to self-assessment 54 Transaction taxes, including stamp taxes Section 9 Charities Introduction to the taxation of charities 55 Tax treatment of charities Section 10 Europe and human rights Introduction to tax issues in Europe 56 The impact of EU law 57 Human rights and taxation