Income Tax Act 2007
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The Income Tax Act 2007 (c. 3) is an act of the Parliament of the United Kingdom.[1] 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.
Provisions
[edit]The act consolidated legislation concerning income tax.[2]
The act enshrined the constitutional convention that income tax "is only charged for a year only if an act so provides”.[3]
The act provides a clear definition of “permanent establishment”.[4]
The act provides exemptions from income tax for charitable giving.[5]
See also
[edit]Notes
[edit]References
[edit]- ↑ "Income Tax Act 2007", legislation.gov.uk, The National Archives, 20 March 2007, 2007 c. 30, retrieved 10 December 2025
- ↑ Craig, William (2013). Revenue Law Essentials (NED - New edition, 3 ed.). Edinburgh University Press. doi:10.3366/j.ctt1g0b50g.9. ISBN 978-1-84586-152-0.
- ↑ Jaconelli, Joseph (2010). "The "Bowles Act" - Cornerstone of the Fiscal Constitution". The Cambridge Law Journal. 69 (3): 582–608. ISSN 0008-1973.
- ↑ Homa, Tereza (2024). "The Future of the Digital Permanent Establishment Concept: Challenges and Obstacles". Financial Law Review (34 (2)): 23–38. doi:10.4467/22996834FLR.24.009.20614.
- ↑ Anderson, Mark (September 2023). "Legal Perspectives On: The complexities and considerations when spinning out companies from universities to commercialise research" (PDF). Management Technology Policy. Retrieved 3 July 2026.
External links
[edit]- Text of the Income Tax Act 2007 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk.
- Text of the Income Tax Act 2007 as originally enacted or made within the United Kingdom, from legislation.gov.uk.
- Explanatory notes to the Income Tax Act 2007.
