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Home / Simons-Taxes /Personal and employment tax /Part E1 Income tax /Division E1.1 Income tax calculation /Calculation of income tax liability / E1.101 Income tax—basis of charge
Commentary

E1.101 Income tax—basis of charge

Personal and employment tax

E1.1ÌýÌýÌýÌý Income tax calculation

E1.2ÌýÌýÌýÌý Self assessment

E1.4ÌýÌýÌýÌý Savings and investment income

E1.5ÌýÌýÌýÌý Miscellaneous and exempt income

E1.6ÌýÌýÌýÌý Foreign income

E1.7ÌýÌýÌýÌý Qualifying care and tax-free childcare relief

E1.8ÌýÌýÌýÌý Annual payments by non corporate bodies, donations to charity, qualifying loan interest

E1.9ÌýÌýÌýÌý Personal reliefs

[E1.10]ÌýÌýÌýÌý [Removed]

E1.11ÌýÌýÌýÌý Transfer of assets abroad

E1.12ÌýÌýÌýÌý Sale of income from personal occupation

E1.13ÌýÌýÌýÌý Life assurance premium relief

E1.14ÌýÌýÌýÌý Transactions in securities

E1.15ÌýÌýÌýÌý Accrued income scheme

Division E1.1ÌýÌýÌýÌý Income tax calculation

For updates affecting this Division please see Part E0 Updates

Calculation of income tax liability

E1.101 Income tax—basis of charge

Income tax is an annual tax on income that is levied a tax year basis. The tax year begins on 6 April and ends on the following 5 April1.

Income tax charges receipts of a revenue nature from a taxable source. These amounts can be monetary receipts or amounts received in kind (eg non-cash employment benefits). Unless specified otherwise in the legislation, receipts of capital are not within the scope

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