This question is in the context of the UK and its policies.
I understand that if your income is below the tax allowance (£11,000), you pay no income tax. However, I think my textbook is also trying to say that if your income is above the allowance, you only pay income tax on whatever is left after the allowance has been deducted from your total income. Is this true?
Oh, and I was also wondering if there was any difference between the 'personal tax allowance' and the 'tax allowance'.