It is most perfect tax system all over the world, it is completely systematic and followed by the citizen of UK. Apart from that few citizens of the UK disagree and raise few opinions against the UK tax system. UK tax system is a successful tax system. Nowadays, students are showing their interest in the sector of taxation. They want to get the best education about the UK tax system. They need the expert’s guidance so that they can get the best information. We are writing the complete information about the UK taxation in this taxation assignment help to the students at lowest price.

• Income tax: Income tax is a tax on personal income. Citizen needs to pay the tax according to their earning. They need to pay the amount according to the category. They need to calculate the amount as per tax slab income tax group and every slab has its own ratio of income tax according to the taxation rules.
• Corporation tax: This is kind of tax is charged on the profit of all UK companies. It is separated tax from the income tax in the UK. Every company needs to pay the tax on the basis of their profits. All the slabs are pre-defined and set according to the calculations.
• Value added tax: This is the main source of the income of UK government. This is tax that needs to pay on the sales. If you are going to purchase something then you need to pay the VAT. It is calculated on the basis of the amount which you are spending.

Characteristics of UK TAX System:

In the modern world, all the characteristics or you can say that features for the tax system completely based on the “equity”, “certainty”, “convenience” as well as “efficiency”. Equity is the vital feature of the tax system as the government needs the person to submit the tax on a precise basic. Certainty is also one of the finest issues of tax system. It describes the taxpayer to when and how much amount they require to pay the government as a tax. Another characteristic is convivence that tells the person how much amount people need to pay. All the calculation related to the tax are equal for every person.

Benefits of the TAX:

According to the UK government, all the rules always define the tax parameters which is based on the income and this tax amount always used to make the facilities of the public. All the facilities are equally distributed to the public that means if person is paying more tax it doesn’t mean he takes the extra advantages of these services. With the help of UK taxation, we can get the Defence as well as Law that why UK citizen needs to pay the tax. With the help of tax, we get the many advantages form the government. We can get the best facilities for us.

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