7. The Scope Of Income Tax. | Taxation Law | LexisNexis

powered by Lexis^®Library

7. The scope of income tax.

The broad effect of the general charge to income tax¹, read with the other provisions of the Income Tax Acts², is to impose the tax on a person who is resident³ in the United Kingdom in respect of his income from every source wherever that source is situated⁴, and to charge a person not so resident in respect of his income from any source in the United Kingdom⁵.

The heads of charge

(1) Introduction

3. The two taxes on income.

4. Annual charge.

5. Stages in the imposition and collection of tax.

6. Charge to income tax.

7. The scope of income tax.

8. Charge to corporation tax.

9. The nature of income.

10. Income due but not received.

11. Gifts and allowances.

12. Income contrasted with capital.

13. Disposal of future income.

14. Factors considered in determining quality of receipt.

15. Distribution of company in liquidation.

16. The consolidating Acts.

17. General rules for interpretation of taxing Acts.

18. Tax Acts to be construed as one.

19. Application of legislation to Scotland and Northern Ireland.

20. Machinery provisions.

21. Power to make orders and regulations.

22. Statements of practice by HM Revenue and Customs.

23. Former taxes on income.