Income tax
According to HMRC income tax is a tax on income. Taxation law further defines what constitutes income. Typically, the main headings under which income is charged are as follows:
- Employment income, pensions and some social security benefits
- Trading income, including profits from trades, professions or vocations
- Property income
- Savings and investment income
- Miscellaneous income
Please contact us and ask for additional information on any of the following topics:
- An introduction to self assessment
- Giving to charity
- Enterprise Investment Scheme (EIS)
- Seed Enterprise Investment Scheme (SEIS)