Income Tax

This Income Tax volume aims to be the clearest single-volume guide to income tax in the UK. 

This book is now available in digital format only, with frequent updates and links to legislation, case law and HMRC guidance.

All subscriptions are for a minimum period of one year.

Access this book immediately

• For this book only, click on Subscribe above – monthly direct debit of £12.
• Subscribe to our Key Taxes Bundle (Income Tax, CGT, IHT, NIC, SDLT, VAT) – monthly direct debit of £45.
• Subscribe to our Complete Tax Library (all our digital content – around 30 titles) – monthly direct debit of £99.

Other subscription options

• Subscribe to our Core Tax Library (eight books of your choice) – monthly direct debit of £65. Email us your choice of eight books.
• Subscribe to our Specialist Tax Library (five books of your choice) – monthly direct debit of £42. Email us your choice of five books.
• Email us with contact details to ask about multi-user access to some or all of our content.

About this work

Written for accountants and tax specialists, the substantial text covered more than 1,000 pages of commentary in its last printed edition.

“With more than 900 pages [in the first edition], you’d expect this book to give wide coverage and, indeed, this is a strength, as are the extensive references to legislation and HMRC guidance. The writing style is clear and pitfalls and planning points are helpfully included. … I commend Claritax for this first edition.” TAXline review of first edition August 2021

Table of contents

• • Introductory sections

• • The computation of income tax

• • Venture capital schemes

• • Devolution of taxes

• • Employment income

• • Taxable employment benefits [expanded by way of example]
    • The benefits code
    • Vouchers and credit tokens
    • Living accommodation
    • Company cars
    • Company vans
    • Fuel for company vehicles
    • Employment-related loans [expanded by way of example]
      • Overview
      • Meaning of “taxable cheap loan”
      • Exceptions
      • Calculating the cash equivalent
      • Jointly held loans
      • Multiple outstanding loans
      • Death of employee
      • Replacement loans
      • Loans released or written off
    • Other benefits
    • Optional remuneration arrangements
    • • Pitfalls and planning points

• • Exempt employment benefits

• • Employment expenses

• • Termination payments

• • Employment-related securities

• • Tax-advantaged share schemes

• • Statutory payments

• • Other employment income

• • PAYE

• • Income from self-employment

• • Partnerships

• • Losses

• • Farmers and creative artists

• • Construction Industry Scheme

• • Capital allowances

• • Taxation of interest, dividends and life policies

• • Rental profits

• • Leases and lease premiums

• • Pensions and state pension

• • Residence and domicile

• • Remittance basis and the FIG regime

• • UK residents with foreign interests

• • Non-residents

• • Foreign nationals coming to the UK

• • International assignments

• • Trusts

• • Estates