Income Tax (Earnings and Pensions) Act 2003 section 1

Overview of contents of this Act

Section 1 provides an overview of the scope and contents of the Income Tax (Earnings and Pensions) Act 2003, summarising the types of income it charges to tax and the additional administrative and relief provisions it contains.

• The Act imposes income tax charges on three categories of income: employment income, pension income and social security income.
• It confers certain reliefs for liabilities of former employees and makes provision for the high income child benefit charge.
• It provides for the assessment, collection and recovery of income tax on employment, pension or social security income paid through the PAYE system, including deductions for certain debts owed to HMRC.
• It allows deductions from PAYE income for payroll giving (charitable donations made directly from pay).