James BCS different taxes

HideShow resource information
Income tax
A tax taken off an employees salary
1 of 5
VAT
Value added tax, a tax added to unnecessary products that goes to the government
2 of 5
Corporation tax
Tax on company profits.
3 of 5
National insurance tax
National Insurance contributions are payments made by both the employee and the employer. They pay for the cost of a state pension and the National Health Service.
4 of 5
Local government tax
Local government collects rates from firms and can use the law to block planning permission for new premises.
5 of 5

Other cards in this set

Card 2

Front

Value added tax, a tax added to unnecessary products that goes to the government

Back

VAT

Card 3

Front

Tax on company profits.

Back

Preview of the back of card 3

Card 4

Front

National Insurance contributions are payments made by both the employee and the employer. They pay for the cost of a state pension and the National Health Service.

Back

Preview of the back of card 4

Card 5

Front

Local government collects rates from firms and can use the law to block planning permission for new premises.

Back

Preview of the back of card 5

Comments

No comments have yet been made

Similar Business & Communication Systems resources:

See all Business & Communication Systems resources »See all The different taxes resources »