LL4Z1 Business Taxation
Seminar 2.2 – The Taxation of Income from
Trades, Professions and Vocations
Part 1: Definitions and Assessment & Basis Periods
PRINCIPAL READINGS
(Further details of readings will be provided in the Outline for this seminar.)

**
Fairpo and Salter, Revenue Law - Principles and
Practice (37th ed., Bloomsbury) (Course collection KD 5345 R45)
o

*
Maco Door & Window v HMRC [2008] UKHL 54, [2008] 3 All ER
1020, [2008] STC 2594 at 2601
o
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
ch 10 (Trading Income): I, II, VIII.1-4
(i.e. read in particular page 2601)
**
**
CIR v Livingston (1926), 11 TC 538 (CS)
*
*
*
Martin v Lowry [1927] AC 312, 11 TC 297
Rutledge v CIR (1929), 14 TC 490 (CS)
IRC v Reinhold (1953), 34 TC 389 (CS)
Iswera v IRC [1965] 1 WLR 663, 668
^
Key to Readings
For more information about how to find reports of cases, please see ‘Finding
cases’ in the Course Information block on the Moodle site for the course.
The following scheme is used to indicate the significance of reading
materials:
**
To be read by all
*
Should be read
no asterisk
Read as time allows
(in parentheses)
Less important/for the enthusiastic only
(SLS): Salter, Lee and Snape, Revenue Law: Text and Materials (2007)
Tottel. Course coll. KD5345 S17
Fairpo and Salter, Revenue Law - Principles and Practice (36th or 37th
ed., Bloomsbury) (Course collection KD 5345 R45).
Tiley: G. Loutzenhiser, Tiley's Revenue Law (9th ed., Hart Publishing).
James and Nobes, The Economics of Taxation (current ed., Fiscal
Publications) (Course coll. HJ2305 J21).