Skip to main content

Glossary

Taxable income

Income remaining after allowances and deductions, and the figure the rate bands actually apply to.

Tax term

Distinct from gross income and from the amount finally paid. Most confusion about a tax figure comes from one of the three being quoted when another was meant.

Keep reading

Everything here states what it does not cover.

A guide that applies to one country and one tax year says so at the top, and cites the section it relies on. Read one before you decide whether any of this is for you.

Decision support, not tax advice. A professional reviews before anything is filed.