UK Income Tax Law
According to the Advice Guide website, income tax is payable on a portion of the income earned by each person in the UK. Each individual in the UK is given a personal allowance on which tax is not permitted to be charged.
Other People Are Reading
-
History
-
Income tax was introduced to the UK by Prime Minister and Chancellor of the Exchequer William Pitt the Younger, according to the HM Revenue & Customs website. In 1799, the first income taxes were paid by citizens of the UK to help fund the war between the UK and Napoleon's French army.
Types
-
The Advice Guide explains the UK's income tax is charged at three levels. Basic income tax is paid on earning below $59,000 at a rate of 20 percent in 2010. Higher taxes are paid on income between $59,000 and $237,000, with income above $237,000 charged a taxation rate of 50 percent in 2010.
-
Nonresident
-
DirectGov reports that people who leave the UK to live and work in other countries are not charged income tax on their earnings abroad if they spend the entire tax year outside the UK. For individuals registered as nonresident UK citizens, a maximum of 183 days per year can be spent in the UK to remain exempt from income tax.
-
