Chargeable income and Monetary Policy Committee: Difference between pages

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imported>Doug Williamson
(Create the page. Sources: linked pages and Bank of England webpage http://www.bankofengland.co.uk/monetarypolicy/Pages/overview.aspx)
 
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1. ''UK tax - Income Tax.''  
''UK - Bank of England.''


Chargeable income is income which is taxable under the Income Tax system in the UK.
(MPC).


For example, employment income and profits from unincorporated businesses.
Monetary policy is central government or other policy to stimulate or otherwise influence economic activity by influencing money supply or interest rates.  


Responsibility for setting UK monetary policy - to achieve monetary stability - lies with the Bank of England's Monetary Policy Committee (MPC).


2.


More generally, chargeable income is potentially taxable income, subject to any tax allowances or reliefs.
With effect from September 2016, the MPC meets eight times a year to set and announce the Official Bank Rate.




== See also ==
== See also ==
* [[Charge on income]]
* [[Bank of England]]
* [[Chargeable person]]
* [[Monetary policy]]
* [[Corporation Tax]]
* [[Official Bank Rate]]
* [[Exempt income]]
* [[Imputation system]]
* [[Income Tax]]
* [[Inheritance tax]]
* [[IR35]]
* [[Pay as you earn]]
* [[Personal allowance]]
* [[Taxable income]]
 
[[Category:Accounting,_tax_and_regulation]]

Revision as of 13:02, 7 August 2016

UK - Bank of England.

(MPC).

Monetary policy is central government or other policy to stimulate or otherwise influence economic activity by influencing money supply or interest rates.

Responsibility for setting UK monetary policy - to achieve monetary stability - lies with the Bank of England's Monetary Policy Committee (MPC).


With effect from September 2016, the MPC meets eight times a year to set and announce the Official Bank Rate.


See also