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Income
Tax (Trading and Other Income) Bill |
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Explanatory notes to the Bill,
prepared by the Tax Law Rewrite Project at the Inland |
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Revenue, are published separately
as Bill 9—EN. |
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A Table of Origins and a Table
of Destinations for the Bill are available in a separate |
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volume. The Tables have no official
status. |
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EUROPEAN CONVENTION ON HUMAN
RIGHTS |
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Mr Chancellor of the Exchequer
has made the following statement under section |
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19(1)(a) of the Human Rights Act
1998: |
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In my view the provisions of the
Income Tax (Trading and Other Income) Bill are |
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compatible with the Convention
rights. |
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Employee
benefit contributions |
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Business entertainment
and gifts |
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Social security contributions |
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Penalties, interest and
VAT surcharges |
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Trade profits: rules allowing
deductions |
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Incidental
costs of obtaining finance |
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Tenants under taxed leases |
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Payments for restrictive
undertakings |
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Contributions to agents’
expenses |
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Counselling and retraining
expenses |
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Personal security expenses |
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Contributions to local
enterprise organisations or urban regeneration companies |
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