Eduardo Baistrocchi

This course is available on the LLM (extended part-time), LLM (full-time) and University of Pennsylvania Law School LLM Visiting Students. This course is available with permission as an outside option to students on other programmes where regulations permit.

This course has a limited number of places (it is controlled access) and demand is typically high. This may mean that you’re not able to get a place on this course.

There are no formal pre-requisites for this module. It is recommended for those studying LL4AY International Tax Systems and LL4AZ Taxation of Multinational Enterprises: Transfer Pricing.

The course offers a comprehensive introduction to business taxation, using United Kingdom law as a case study. It looks at how businesses are taxed in this country. The course focuses on the key elements of the taxation of the income of businesses, including:

• taxation of trading income

• corporation tax, the nature of taxes on companies and the taxation of dividends

• capital allowances - relief for depreciation

• capital gains taxation

• partnership taxation

• tax relief for losses

This course will have two hours of teaching content each week in Michaelmas Term and an additional two hours of teaching in the Summer Term. There will be a Reading Week in Week 6 of Michaelmas Term.

Students will have the option of producing a formative essay of 2,000 words.

G. Loutzenhiser, Tiley’s Revenue Law;

A. Fairpo and D. Salter, Revenue Law: Principles and Practice;

Tolley's Yellow Tax Handbook.

E. Baistrocchi, Global Tax Hubs: Theory and Evidence, SSRN, 2022

Detailed reading lists will be provided during the course via Moodle.

Exam (100%, duration: 2 hours, reading time: 15 minutes) in the summer exam period.