Overview

Paying your income tax for the first time is a milestone in any citizen's life. However, the process can seem too daunting and tedious for a first-timer, and some of the terms tend to go right over your head. This needn't be so. To help you understand the tax implications of your income (based on your income source) here is a real introduction to income tax for all levels. Written by a qualified tax adviser, solicitor, and university lecturer, this book provides a basic introduction to the UK income tax system and requires no previous knowledge. It considers the income tax affairs of the members of an extended family in a practical and approachable manner. The book is ideal for those who wish to acquire a general understanding of how their income tax is calculated and on what basis. It is also aimed at people starting any kind of course of study which may require knowledge of UK income tax, such as accountancy, law, business, finance, or management. The narrative is clear, concise and accessible, and can be read from start to finish in several sittings to give a good, basic appreciation of the subject. Topics covered include the personal allowance, rates of tax, thresholds, savings income and dividends, other allowances, and pensions.

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