Taxation in the United Kingdom/Introduction

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