Income Tax Act 2007 Explained

Short Title:	Income Tax Act 2007^[1]
Parliament:	Parliament of the United Kingdom
Long Title:	An Act to restate, with minor changes, certain enactments relating to income tax; and for connected purposes.
Year:	2007
Statute Book Chapter:	2007 c 3
Territorial Extent:	England and Wales, Scotland and Northern Ireland, but an amendment, repeal or revocation contained in Schedule 1 or 3 has the same extent as the provision amended, repealed or revoked.^[2]
Royal Assent:	20 March 2007
Amendments:	Scotland Act 2012, Wales Act 2014
Status:	Amended
Original Text:	http://www.legislation.gov.uk/ukpga/2007/3/contents/enacted
Legislation History:	https://publications.parliament.uk/pa/pabills/200607/income_tax.htm
Revised Text:	http://www.legislation.gov.uk/ukpga/2007/3/contents

The Income Tax Act 2007 (c 3) is an Act of the Parliament of the United Kingdom. It is the primary Act of Parliament concerning income tax paid by individual earners subject to the law of United Kingdom, and mostly replaced the Income and Corporation Taxes Act 1988.

Contents

• Part 1 Overview
• Part 2 Basic provisions
• Part 3 Personal reliefs
• Part 4 Loss relief
• Part 5 Enterprise investment scheme
• Part 6 Venture capital trusts
• Part 7 Community investment tax relief
• Part 8 Other reliefs
• Part 9 Special rules about settlements and trustees
• Part 10 Special rules about charitable trusts etc.
• Part 11 Manufactured payments and repos
• Part 12 Accrued income profits
• Part 13 Tax avoidance
• Part 14 Income tax liability: miscellaneous rules
• Part 15 Deduction of income tax at source
• Part 16 Income Tax Acts definitions etc.
• Part 17 Definitions for purposes of Act and final provisions

See also

• Taxation in the United Kingdom
• UK labour law

External links

• The Income Tax Act 2007, as amended from the National Archives.
• The Income Tax Act 2007, as originally enacted from the National Archives.
• Explanatory notes to the Income Tax Act 2007.

Notes and References

1. The citation of this Act by this short title is authorised by section 1035 of this Act.
2. The Income Tax Act 2007, section 1033