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
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
Card 5
Front
Local government collects rates from firms and can use the law to block planning permission for new premises.
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