• Taxation in the UK
• Tax advantages
• Who pays tax?
• I live outside the UK
• Fuel tax
• Value Added Tax
• Corporate tax
• Income tax
• National insurance tax
• Capital gains tax

An income tax is one of the most common forms of tax around the globe and also one of the main sources to gain a significant amount of money for the public treasury and for the expenses of the state.

This type of tax is usually determined as a set percentage from a person’s or a company’s income, which has to be paid for the state. In case of companies, firms or other profit oriented organizations this sort of tax is paid as a corporate tax, which is designed especially for this purpose and is usually higher than a personal income tax.

Income tax in the United Kingdom is levied according to several classes with different rates of tax each. It has to be paid annually deducted from a person’s personal income. The rate ranges from 10% up to 32,5% for general income, revenue from investments, self employment and company dividends from UK based companies with the highest rate.

Income tax is levied on every individual which receives his or her income from a company, corporation or any other type of organisation resident or in the United Kingdom or has a permanent company centre in the country, irrespectively from the person’s residence and citizenship.