The difference between the rules governing deductibility of expenses Essay - 1

The difference between the rules governing deductibility of expenses under ITTOIA - Essay Example The United Kingdom rules on the deductibility of business expenses are underscored by some principles which derived from statutory rules applied based on case laws. Basically, what this means is that only expenses that are entirely and proximately incurred in or connected with the aid of earning an income that is a business-oriented process would be liable to tax deduction if there is no prohibitions as provided for by public policy or applicable statutory rules. In the same manner, expenses that are not on revenue account and are capital in nature or those which are considered to be a profit distribution or division are not allowed. Several case laws exemplify the court approach with the task of setting out rules that underpins the application of principles that would determine the deductibility of expenses on business matters. The decisions taken from the Court of Appeals and the House of Lords have formed into 4 basic rules. Firstly, it should be established that the outlays, which are relevant, should have been incurred for the trade’s benefit, not that of the trader. Likewise, the question on whether or not the mentioned outlays were wholly incurred for trade purposes is a factual question based on court evidence.

Public health Essay Example | Topics and Well Written Essays - 250 words - 13

Public health - Essay Example Morbidity on the other hand refers to the degree of effect of a disease on the victim. Mortality represents the number of deaths resulting from a given disease (Friis and Sellers 93-99). These terms could be interrelated in different ways. For instance, when incidence rate increases, prevalence increases correspondingly. However, morbidity could be independent of incidence and prevalence. On the other hand, morbidity and mortality rate are largely dependent. When morbidity rate is high, then mortality rates are also likely to be high as well. This is because a disease with a high morbidity rate is likely to cause more fatalities hence higher mortality rates. High incidence rates could also mean high mortality rates, as high incidence rate translates to higher number of people being diagnosed with a given disease. The higher the incidence rates, the higher the probability of fatalities, which translates to high mortality rates. Conversely, high mortality rates could be highly correlated to high morbidity, incidence, or prevalence rates or a combination of