Glossary of Tax Terms

Ever felt stuck on a word HMRC uses? We've all been there. This is your simple, A-to-Z dictionary of tax jargon, explained in plain English. Look up any term and get a clear answer, instantly.
Ordinary Share Capital
The Arising Basis of Taxation
Tax-Free Childcare Scheme
National Savings & Investments (NS&I)
Potentially Exempt Transfers (PETs)
Chargeable Lifetime Transfers (CLTs)
Basis Period Reform
Classes of National Insurance
Tax Avoidance vs. Tax Evasion
Employee Share Options (EMI Schemes)
Venture Capital Trust (VCT) Relief
Gift Aid
Inheritance Tax (IHT)
Seed Enterprise Investment Scheme (SEIS)
The Marriage Allowance
Class 2 & Class 4 National Insurance
Individual Savings Accounts (ISAs)
Domicile vs. Residency
Repairs vs. Improvements
The UTR Number
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