Tuesday, 15 November 2016

Tax,Vat, National Insurance

TAX, VAT, NATIONAL INSURANCE


Tax

Tax is a fee that is charged by the government on a product, income or activity. The purpose of tax is to finance the government expenditure, this pays for things like public services and services such as street lights and street cleaning.

Tax goes to the government as then they can sort out where it needs to go whether it needs to go to 

Who does it go to

how much do you need to pay

what are the consequences 



VAT

National insurance 

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