| Commentary

(1) Statute

| Commentary

C.     Sources and Resources

(1)     Statute

Tax law is found in statute and statutory instrument as well as in the decided cases. The legislation changes from year to year, usually on the passage of the annual Finance Act and sometimes at other times. Occasionally, the effect of legislation is retrospective to some earlier date when it was announced that some change was to be made. The tax year runs from 6 April to 5 April in the following year. It is important to be sure to consult the legislation in the precise form in which it was relevant

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