Abstract
This chapter is about a particular type of relief for expenses given only to companies. The legislation giving the relief was enacted in 1915 as part of what would now be labelled a ‘package of measures’ dealing explicitly for the first time with the taxation of companies carrying on life assurance business. But unlike the other sections of the Finance Act 1915 in the package, the relief was not limited to such companies. The chapter explains the background to the relief and in particular the pressures that were brought to bear on ministers to enact it and how other companies got included. It goes on to consider how the legislation enacted in 1915 was interpreted by those having to operate the system, and the cases and legislative changes that resulted.
Original language | English |
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Title of host publication | Studies in the History of Tax Law |
Subtitle of host publication | Volume 9 |
Publisher | Bloomsbury Publishing PLC |
Pages | 213-242 |
Number of pages | 30 |
ISBN (Electronic) | 9781509924943 |
ISBN (Print) | 9781509924936 |
Publication status | Published - 1 Jan 2019 |
Bibliographical note
Publisher Copyright:© The editors and contributors severally 2019.
ASJC Scopus subject areas
- General Social Sciences