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Full Policies Pay and benefits pack

Income tax policy

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Use this if you require a robust and practical income tax policy.

Reading time
How long to understand and implement this policy?
5 mins
Word count
How many words in this policy?
77
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What is an Income tax policy?

The purpose of this Income tax policy is to provide you with a flexible and customisable document to serve as a robust and effective starting point for you.

By using our Income tax policy, you can streamline your process, maintain consistency and accuracy, and save time, and it can be easily adapted to fit your specific scenario.

Best practice timescale for this to be issued
When should this policy be issued?
During onboarding / after changes / planned refresher
Issued by who, to whom
Who should issue this policy, and to whom?
Internally issued to appropriate recipients in your Company
Applicable legal jurisdiction
In which jurisdiction can this policy be used?
Great Britain & NI (United Kingdom)

Income tax Policy

Overview

The purpose of this policy is to provide information and procedures regarding income tax.

Scope

This policy is applicable to all employees of [company name].

General principles

If there are any changes in your personal circumstances which will affect your tax status, you should notify HM Revenue & Customs (HMRC), who will automatically inform the Company of any changes to your tax code.

Addresses of local offices and enquiry centres can be found here:

http://www.inlandrevenue.gov.uk/menus/officesmenu.htm

This policy [does not] form[s] part of your terms and conditions of employment.

Version: [1.0]

Issue date: [date]

Author: [name, job title]

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income tax policy