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