Income from HM Revenue and Customs
The income from HM Revenue and Customs is described briefly in the Departmental Report 2009:
Revenue collected* 2008-09 (£bn)
Income Tax 149.6
National Insurance contributions 98.0
Corporation Tax 41.8
Hydrocarbon Oils 24.7
Stamp taxes 7.6
Other taxes and duties* 10.9
The Other taxes and duties figures above, include Tax Credits treated as Negative Taxation and Student Loan Recoveries.
Entitlements paid 2008-09 (£bn)
- Tax Credits 23.7
- Child Benefit 11.2
- Child Trust Fund endowments 0.19
Individuals may receive many different types of income but not all kinds of income are taxable.
The main kinds of income on which income tax may be payable are income from employment, self-employed profits from a business, occupational and personal pensions, interest from building societies and banks, dividends on shares, and income from property.
Tax is payable on some social security benefits such as the state retirement pension, bereavement allowance, jobseeker's allowance and incapacity benefit - but not on others such as tax credits or pension credit, or child benefit.
Tax is not payable on income received from certain National Savings products such as National Savings certificates, or from Individual Savings Accounts.
This is quoted from : http://www.hmrc.gov.uk/stats/income_tax/income-tax-intro.pdf
and this is another useful source:
|Автор||HM Revenue and Customs|
|Администратор||Maintainer not given|
HM Revenue and Customs - Income Tax and Personal Incomes. HM Revenue and Customs.
Retrieved 01:59, Jun 20, 2013 (UTC).
the Data Hub