The Income Tax Act 2007
c 3 is an
Act of the
Parliament of the United Kingdom
The Parliament of the United Kingdom is the supreme legislative body of the United Kingdom, the Crown Dependencies and the British Overseas Territories. It meets at the Palace of Westminster, London. It alone possesses legislative suprema ...
. It is the primary Act of Parliament concerning
income tax
An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income. Tax ...
paid by individual earners subject to the law of
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotlan ...
, and mostly replaced the
Income and Corporation Taxes Act 1988.
Contents
*Part 1 Overview
*Part 2 Basic provisions
*Part 3 Personal reliefs
*Part 4 Loss relief
*Part 5 Enterprise investment scheme
*Part 6 Venture capital trusts
*Part 7 Community investment tax relief
*Part 8 Other reliefs
*Part 9 Special rules about settlements and trustees
*Part 10 Special rules about charitable trusts etc.
*Part 11 Manufactured payments and repos
*Part 12 Accrued income profits
*Part 13 Tax avoidance
*Part 14 Income tax liability: miscellaneous rules
*Part 15 Deduction of income tax at source
*Part 16 Income Tax Acts definitions etc.
*Part 17 Definitions for purposes of Act and final provisions
See also
*
Taxation in the United Kingdom
Taxation in the United Kingdom may involve payments to at least three different levels of government: central government ( HM Revenue & Customs), devolved governments and local government. Central government revenues come primarily from income ...
*
UK labour law
United Kingdom labour law regulates the relations between workers, employers and trade unions. People at work in the UK can rely upon a minimum charter of employment rights, which are found in Acts of Parliament, Regulations, common law and equit ...
Notes
References
*
External links
The Income Tax Act 2007 as amended from the
National Archives.
The Income Tax Act 2007 as originally enacted from the
National Archives.
Explanatory notesto the Income Tax Act 2007.
{{UK legislation
United Kingdom Acts of Parliament 2007
Tax legislation in the United Kingdom
Tax codes
Income tax in the United Kingdom
March 2007 events in the United Kingdom
2007 in economics