Brexit and Taxable income: Difference between pages

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The term 'Brexit' is a combination of '''BR'''itain and '''EXIT''', meaning the exit of the United Kingdom (UK) from the European Union (EU).
1. ''UK Income Tax.''


Taxable income is the amount of a taxpayer's net income which is subject to Income Tax, after deducting personal allowances.


A referendum on the issue was held in the UK on 23 June 2016.


The result of the referendum was for the UK to begin the process of leaving the EU.  
2.


More generally, an amount of corporate or personal income which is subject to taxation.


Depending on the context, 'Brexit' may refer to any or all of:


#The decision for the UK to leave the EU.
==See also==
#The exit itself.
* [[Chargeable gain]]
#The consequences, and potential consequences, both of the decision and of the exit itself.
* [[Corporation Tax]]
* [[Income Tax]]
* [[Loan relationship income]]
* [[Net income]]
* [[Personal allowance]]
* [[Taxable profits]]
* [[Taxable trading profits]]


 
[[Category:Accounting,_tax_and_regulation]]
 
 
== See also ==
* [[European Union]]
* [[Frexit]]
* [[Grexit]]
* [[Hard Brexit]]
* [[United Kingdom]]
 
 
=== Other links ===
[http://www.treasurers.org/technical ACT Technical Guidance and Comment]
 
[https://www.treasurers.org/brexit-briefing Brexit: a treasurer's checklist]
 
[http://www.treasurers.org/node/322569 Brexit - "T minus 7 days"]
 
[https://blogs.treasurers.org/?p=313877 Stephen Baseby's ACT blog: Brexit: will we, won't we; and what would it mean?]
 
[https://www.treasurers.org/node/318447 Further resources]

Latest revision as of 16:33, 28 February 2018

1. UK Income Tax.

Taxable income is the amount of a taxpayer's net income which is subject to Income Tax, after deducting personal allowances.


2.

More generally, an amount of corporate or personal income which is subject to taxation.


See also

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