income tax schedules

income tax schedules

the classification by the INLAND REVENUE in the UK of various sources of INCOME to facilitate the assessment of TAXATION liability upon an individual. There are six schedules lettered A to F. Briefly, the income source of each schedule is: A: land and property.

B: woodlands run as a business.

C: INTERESTS and DIVIDENDS from public bodies (including government).

D: trades, business, professions and vocations, interest received gross.

E: WAGES from employment (collected under the PAY-AS-YOU-EARN system - PAYE).

F: company distributions.

There are considerable rules and regulations concerning INCOME TAX and the expenses allowable against it.

References in periodicals archive ?
p_p_id=56_INSTANCE_XDy6pHr4GXwN&p_p_lifecycle=0&p_p_state=normal&p_p_mode=view&p_p_col_id=column-main&p_p_col_count=3&_56_INSTANCE_XDy6pHr4GXwN_languageld=en_US) () () at the IAE Congress that examines the responsiveness of firms to corporate income tax schedules.
While the ASEAN Blueprint does not mandate member countries to amend their income tax schedules, it is highly expected that human capital could flow to where it could earn best," said Romulo, chairman of the House Committee on Higher and Technical Education.
He considers progressive capital income tax schedules taking a simple two-bracket form with an exemption bracket at the bottom and a single marginal tax rate above a time-varying exemption threshold.
Of particular interest was the excellent paper by Harris (1994), who compared before-tax and after-tax damage awards using a model which incorporated progressive federal and state income tax schedules into the calculations.
Income tax schedules could easily alter the cost ranking of the entities being compared in this study.
4th District, Quezon) said for the country to fully benefit from the ASEAN Integration, the country needs to amend its current income tax schedules since it is expected that human capital would flow to where it could earn best.
This result is very intuitive: the size of different income groups, the distribution of income, the political power of different income groups and the size of the administrative costs shape the trade-off behind the choice of a complex personal income tax schedule.