Quizzes & Activities
Taxes (Quizlet Revision Activity)
- AS, A-Level, IB
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 14 Mar 2019
Here is a selection of some of the important taxes in the UK and other countries. A great starter activity when revising taxation as part of fiscal policy.
Key term glossary
Tax on payroll costs of large companies designed to fund increased training
Tax on commercial property
Capital gains tax
Tax on returns that people earn from investments e.g. in stocks and housing
Tax on emissions designed to promote switch to renewable energy
Tax on the profits of companies.
Tax levied by local authorities based on property values
Taxes on fuel, tobacco, alcohol and gambling
Main direct tax on earned income
Tax collected on the property (estate) left by a person to heirs in a will
Tax to discourage the disposal of waste
Payroll tax paid by both employers and employees
Tax paid when commercial or residential property is bought
Tax on high sugar drinks
Proposed tax on financial transactions, especially speculative currency transactions.
Value Added Tax
Indirect tax on suppliers of goods and services