Welcome to our Tax Glossary. Here you will find clear and comprehensible definitions of most of the tax terms you will face when dealing with UK income tax. This Glossary will help you understand the tax language, however it will not offer direct solutions to your tax issues. If you need further advice on any of those tax terms - just ask a tax adviser and get a free consultation right now!
Letter: M
Married Couple's Allowance: Since 6th April 2000 this allowance is only available if either spouse was born before 6 April 1935. Also see age related allowances.
Minimum Wage: The rates from 1 October 2007 are as follows:
- adults (aged 22 and over) - £5.52 an hour
- "development rate" for workers aged 18 to 21 inclusive - £4.60 an hour
- young people (aged 16-17) - £3.40 an hour
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A comprehensive selection of tax resources:
PAYE Tax
Seafarers (FED) Tax
Non-Residents Tax
Self-Employment Tax
Students Tax
Guernsey Tax
Tax Forms
Tax FAQ
Tax Glossary
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Friday 31 Oct was the deadline day for paper tax r
If you're doing your tax return on paper this year, you should have made sure you sent it to HM Revenue & Customs (HMRC) by Friday, 31 October, or you could face a £100 penalty. From this year, ...
Impending Deadlines
Monthly PAYE/NIC/CIS tax to 5th December due.
