Taxation in the United Kingdom
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Taxation in the United Kingdom may involve payments to a minimum of two different levels of government: The central government (HM Revenue and Customs) and local government. Central government revenues come primarily from income tax, National Insurance contributions, value added tax, corporation tax and fuel duty. Local government revenues come primarily from grants from central government funds, business rates in England and Wales, Council Tax and increasingly from fees and charges such as those from on-street parking. In the fiscal year 2007-08, total government revenue was 39.2 per cent of GDP, with net taxes and National Insurance contributions standing at 36.9 per cent of GDP</ref>—approximately £600 billion (using 2008 nominal GDP measured in dollars, and converting using 2009 conversion rate).
- See also: Wikipedia
- Related: HM Revenue & Customs, Institute of Indirect Taxation, Income in the United Kingdom, Tax credit, Starting rate of UK income tax, Business rates, Council tax, Local income tax, Tax, Tax haven, Tax law
| Guide to personal taxation Guide to personal taxation www.direct.gov.uk/MoneyTaxAndBenefits/Taxes/fs/en - Web |
| Tax Help and Information Tax Help and Information www.bankingtaxfinance.com/financial-newsletter.aspx - Web |
| Tax Office UK Tax Office UK www.taxofficeuk.com - Web |
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| UK VAT calculator UK VAT calculator vat-calculator.org.uk - Web |
