Chargeable income: Difference between revisions
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imported>Doug Williamson (Create the page. HMRC webpage: https://www.gov.uk/income-tax) |
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* [[Pay as you earn]] | * [[Pay as you earn]] | ||
* [[Personal allowance]] | * [[Personal allowance]] | ||
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Revision as of 08:12, 1 November 2016
1. UK tax - Income Tax.
Chargeable income is income which is taxable under the Income Tax system in the UK.
For example, employment income and profits from unincorporated businesses.
2.
More generally, chargeable income is potentially taxable income, subject to any tax allowances or reliefs.
