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GAZETTE
B O OK
R E V
W
APRIL. 1993
Law of Stamp Duty
(Second edition), By Michael
O'Connor and Patrick S Cahill,
Published by the Institute of
Taxation.
The first edition of this book was
written in 1984. At that time revenue
returns from stamp duty came to
about £19,000,000. In 1992 that
figure had risen to £250,000,000.
This tax has clearly become an
important source of revenue for the
Government. To give it the profile
commensurate with its status the tax
became mandatory on the 1
November, 1991. Since that date it
could be said that UK text books are
now of limited value.
This edition includes a table of
statutes not provided previously. This
comprehensive list is a useful
compilation for reference purposes.
There has also been an increase in
the number of cases cited and,
while few Irish cases appear, it may
well be a consequence of the new
statutory provisions that the courts
will have to settle hard cases in the
future.
As before, the book is extremely well
laid out and easy to read. If there is
one criticism to be made it would be
that the printing of the earlier
edition by Folens was superior.
The two chapters most affected by
changes in the law are chapter 3 oh
"Administration" and chapter 7 on
"Imposed Duties." References
throughout to the principal two Acts
constantly cause the reader to look
twice, as there is exactly one hundred
years between them and thus only
one digit differentiating them.
The most noticeable changes are
illustrated in the introduction of new
terms eg "assessment" and
"accountable persons"; "amnesty"
and "anti avoidance". Further new
features include fines and penalties,
imposed duties, the consequence of
undervalue.
If the 1984 edition was an important
book, this one will become an
essential reference book for all
conveyancers and, while it is not
evident from reading as to the retail
price of the book, it must be
assumed that it exceeds somewhat
the fifteen percent increase in volume
contained over the first edition and
well worth every penny.
•
Justin McKenna
from
Butterworths
Adoption Law and Practice
by Kerry O 'Haiioran
Taxation of Estates: The Law in Ireland
byJ.M.
O'Catlaghan
Butterworth Ireland VAT Acts 1992-93
Editor:
A/an Moore.
Consultant Editor:
James D.Somers
Hard cover 1
£40.00
Soft cover
£39.50
Soft cover
£40.00
A complete
handbook
of Irish VA T legislation
and EC
directives.
Extensive
annotations
include both Irish and European case law.
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(100 metres from the Four CourtsI
Come in and browse. Open 9am-5.30pm through lunch
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