Income tax allowances

Updated: Aug 20, 2021

These are various deductions from income which can be claimed when calcalating tax payable. The claim is made by taxpayers when completing their annual tax return.

Reference: The Penguin Business Dictionary , 3rd edt.

Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.