Income tax is imposed annually1 by the Finance Acts and charged at the rates specified in those Acts. The Income Tax (Earnings and Pensions) Act 2003, the Income Tax (Trading and Other Income) Act 2005 and the Income Tax Act 2007, with which are to be read the supplementary and amending provisions of subsequent Finance Acts, besides classifying various types of income2 in respect of which the tax thus imposed is to be charged by reference to their nature and the source from which they are derived3, prescribe rules for the measurement of the income thereby charged. The Taxes
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234