CIRD00505 - Introduction to manual: nature of guidance provided

Since this manual mostly covers new legislation, it necessarily lacks the level of detail of manuals devoted to areas of tax law where the principles have been examined and refined over a considerable period. It will take time for examples to surface that will illuminate the meaning of the legislation, and enable our interpretation of it to develop. As more detailed guidance is written in the light of practical experience it may also be the case that some of the general assertions in the manual will need to be qualified as a result. When matters arising on individual companies are under review, appropriate weight has to be given to the particular facts and circumstances. The general advice and comment that is offered in the following pages is not intended to displace full and proper consideration of all of the actual relevant particulars.

Inevitably, with a substantial block of new material, there is the likelihood of the occasional typographical or similar error creeping in. We will eliminate these as we discover them, but if you notice any, please draw them to our attention. Contact details are given at CIRD00510. More substantive suggestions as to how this manual might be improved are also welcomed.