Exempt income: Difference between revisions
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imported>Doug Williamson (Create the page. Source: HMRC webpage https://www.gov.uk/income-tax) |
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Revision as of 09:34, 31 August 2016
1. UK tax - Income Tax.
Exempt income is income which is outside the scope of the Income Tax system in the UK.
Examples include premium bond winnings and income from New Individual Savings Accounts (NISAs).
2.
More generally, exempt income is income which is outside the scope of either:
- a particular tax; or
- all taxes.
