Taxation in the United Kingdom
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Taxation in the United Kingdom

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Published by Deloitte, Haskins & Sells in New York, N.Y. (1114 Ave. of the Americas, New York 10036) .
Written in English

Subjects:

Places:

  • Great Britain.

Subjects:

  • Taxation -- Law and legislation -- Great Britain.

Book details:

Edition Notes

Bibliography: p. 86-87.

StatementDeloitte Haskins + Sells.
SeriesInternational tax and business service
ContributionsDeloitte, Haskins & Sells.
Classifications
LC ClassificationsKD5359.3 .T38 1983
The Physical Object
Paginationviii, 98 p. ;
Number of Pages98
ID Numbers
Open LibraryOL3223983M
LC Control Number83134744

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  Share This book, first published in , presents an analysis of the taxes levied on wealth or capital – death duties, annual wealth taxes and capital gains taxes. It provides a comprehensive study of these taxes, and recommends a series of measures, including the replacement of certain taxes, that would promote by: 1. A handbook on the taxation, exchange control and legal implications of coming to, investing in and leaving the United Kingdom Authors: Kiers, : Springer Netherlands. Book Description This book, first published in , presents an analysis of the taxes levied on wealth or capital – death duties, annual wealth taxes and capital gains taxes. It provides a comprehensive study of these taxes, and recommends a series of measures, including the replacement of certain taxes, that would promote equality. United Kingdom Highlights Page 3 of 12 Taxation of dividends – A dividend exemption applies to most dividends and distributions unless received by a bank, an insurance company, or other financial trader. Dividends received by a UK company (other.

The syllabus for Taxation - United Kingdom (TX-UK) introduces candidates to the subject of taxation and provides the core knowledge of the underlying principles and major technical areas of taxation as they affect the activities of individuals and businesses. The standard rate of VAT is currently 20% () having increased from % in ; a reduced rate of 5% applies inter alia to domestic fuel or power, heating equipment, children’s car seats, some contraceptives and sanitary products, and certain residential property renovations.. Included in the list of supplies that are zero-rated are gold and UK bank notes, books, children’s clothing. CHAPTER 1: INTRODUCTION TO THE UK TAX SYSTEM 5 European Union law Membership of the European Union (EU) involves adherence to EU law and if there is a conflict between EU law and the law of a member state then EU law takes priority. This applies as much to tax as to any other category of law and the EU's influence on UK taxFile Size: 94KB. Australia, Denmark, and New Zealand topped the United States in this category, generating over half of their total revenue from such taxes. In the United States, taxes on income and profits of individuals alone generated 37 percent of total tax revenue, compared with 25 percent on average within the OECD.

In the personal income taxation computations, one counts all the income of individuals from different sources, and then subtracts the allowable deduction from that (those which are allowed by the H.M.R.C.) In the United Kingdom, the income sources are classified into three: Non-Savings Income, Savings Income & U.K. Dividend. Get this from a library! Taxation in the United Kingdom. [Walter W Brudno; Harvard Law School. International Program in Taxation.;] -- The book contains description of the UK tax system and an analysis of the most important taxes, especially the income tax. This wiki book aims to give a general overview of taxation in the United Kingdom. Different types of taxes [ edit ] Taxation in the United Kingdom is levied in a number of ways: Direct Taxes [ edit ]. Motoring taxation in the United Kingdom consists primarily of vehicle excise duty (commonly known as VED, vehicle tax, car tax, and road tax), which is levied on vehicles registered in the UK and hydrocarbon oil duty (normally referred to as fuel tax) which is levied on the fuel used by motor vehicles. VED and fuel tax raised approximately GB£32 billion in , a further £4 billion was.