Income Tax Act 2007

The Income Tax Act 2007 (c. 3) is an act of the Parliament of the United Kingdom. It is the primary act of Parliament concerning income tax paid by individual earners subject to the law of United Kingdom, and mostly replaced the Income and Corporation Taxes Act 1988.

Provisions The act consolidated legislation concerning income tax.

The act enshrined the constitutional convention that income tax "is only charged for a year only if an act so provides”.

The act provides a clear definition of “permanent establishment”.

The act provides exemptions from income tax for charitable giving.

See also Taxation in the United Kingdom UK labour law

Notes

References

External links

Explanatory notes to the Income Tax Act 2007.