Taxation in the United Kingdom

In the United Kingdom, taxation may involve payments to at least three different levels of government: central government (HM Revenue & Customs), devolved governments 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, Council Tax and increasingly from fees and charges such as those for on-street parking. In the fiscal year 2014–15, total government revenue was forecast to be £648 billion, or 37.7 per cent of GDP, with net taxes and National Insurance contributions standing at £606 billion.[1]

  1. ^ Pope, Thomas; Waters, Tom (November 2016). A Survey of the UK Tax System (PDF). IFS Briefing Note BN09. London: Institute for Fiscal Studies. ISBN 978-1-909463-68-4. Retrieved 23 April 2020.

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