Davies: Principles of Tax Law 9th ed

Davies: Principles of Tax Law is an accessible and straightforward guide to the legal constructs underlying the UK tax system. Since its first edition in 1980 the work has sought to distil not only the statutory material but also the substantial number of judicial decisions on tax law into an understandable form. The work explains the various principles underlying the six major taxes – income tax, national insurance, corporation tax, capital gains tax, inheritance tax and VAT – and how they work in practice. Major pieces of legislation and relevant case law are discussed to provide an insight into how tax law has developed and is applied.

NEW TO THIS EDITION

• The expansion of IR 35 to personal service companies in the private sector
• New rules for termination payments to employees
• Further devolution of tax powers
• New buildings and structures allowance
• Restriction of relief from capital gains tax for landlords
• Limits to renamed Business Asset Disposal Relief
• Changes to the taxation of income from property
• The effect of Brexit on VAT
• Input tax relief on downstream activities
• Subsidised activities and VAT

Davies: Principles of Tax Law continues to demystify tax law making it an essential textbook for undergraduates and an ideal source of reference for practitioners requiring a simple guide to the subject.