Taxation in the United Kingdom/Introduction

< Taxation in the United Kingdom

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Aim of the Book

This wiki book aims to give a general overview of taxation in the United Kingdom.

Different types of taxes

Taxation in the United Kingdom is levied in a number of ways:

Direct Taxes

These are levied directly upon the taxpayer and are generally taken from the taxpayer's income.

Income tax
Capital gains tax
Corporation tax
National insurance
Stamp taxes
Council tax
Inheritance tax
Business rates

Indirect Taxes

These are collected through an intermediary such as a reseller and are generally a tax upon consumption.

Value added tax
Levies on specific goods (alcohol, hydrocarbons, tobacco, etc)
Insurance premium tax
Petroleum revenue tax
Aggregates levy

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