Income Tax

Income Tax

Our panel of carefully selected Specialist Tax Advisors are always here to support and assist you when needed.

What is Income Tax?

Income Tax is a tax levied on the income of individuals and businesses. Which is collected by HM Revenue and Customs (HMRC) and helps fund public services such as the NHS, education, and infrastructure.

Key aspects of income tax:

• For Individuals: Income tax is usually applied to wages, salaries, investments, rental income, dividends and other forms of income.
• For Businesses: Corporations also pay income tax on their profits.
• Progressive Tax: In many countries, income tax is progressive, meaning that higher earners pay a higher percentage of their income in taxes..

Find out how our panel of Specialist Tax Advisors can assist you.