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· Paid by those earnin over £7475.
· Collected by employer and then passed to the government.
· Paid by the worker and also by the business/employer.
· Paid on cigarettes, tobacco, beer, wine, gambling, etc.
· The tax paid on a business's profit.
· 26% for most businesses.
· 20% for small businesses.
· Charged on most business transacttions made in the UK
· In general it's 20%.…read more