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Tax in U.K. – VII – Brexit

What is Brexit and what is it's impact on economy and taxation ? Brexit, a portmanteau of "British exit", is the impending withdrawal of the...

Tax in U.K. – VI

Business taxes Corporate Tax - Corporation tax is a tax levied in the United Kingdom on the profits made by companies and on the...

Tax in U.K. – V

Inheritance tax Inheritance tax is levied on "transfers of value", meaning: the estates of deceased persons; gifts made within seven years of death (known as...

Tax in U.K. – IV

While calculating taxes, exemptions need to be taken into account. Exemptions on Investment Certain investments carry a tax favored status including: UK Government Bonds (Gilts) -...

Tax in U.K. – III

Personal taxes Income tax Income tax is the single largest source of government revenue in the United Kingdom, making up about 30 percent of the...

Tax in U.K. – II

Residence and domicile for tax purpose United Kingdom source income is generally subject to UK taxation whatever the citizenship and place of residence of an...

Tax in U.K. – I

Tax in the United Kingdom may involve payments to at least three different levels of government: central government (Her Majesty's Revenue and Customs) devolved...

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