Commentaries

Tax Memo


PART 2
Income tax

 CHAPTER 1   General principles 

20000
Income tax is imposed annually by Act of Parliament. The operation of the tax system itself heavily relies on the co-operation of individual taxpayers. HMRC provides assistance, oversight and has extensive enforcement powers.
 
 A.  Taxable persons 
20002
Income tax is payable in respect of taxable income arising during a tax year (year ending 5 April: so 2018/19 is the year ending 5 April 2019).
 

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