Tax
The laws of taxation
Few words strike more fear into the heart of mankind than tax.
Essentially a citizen’s regular compulsory donation to the government, the penalties for not paying taxes are heavy and therefore you should be on top of tax law both in your commercial and private dealings. Making allowances for tax should also play a big part in the management of your finances, whether personal or business-related.
Tax is usually charged as percentage, thus more money is taken by the government from the wealthy. In the UK tax is levied on property, income and inheritance, for example.
Of course, with such a wide range of different taxes, all with their difference characteristics and nuances, handling tax can be something of a minefield. We have endeavoured to cover all the major types of tax in this section.
All about car tax
Under UK law almost every car that is on the road must pay car tax which is sometimes called road tax or Vehicle Excise Duty (VED. There have been numerous of changes to the car tax system and there are further changes that will be implemented.
Find out moreThe taxing issue of tax
Tax is a contribution to the state and incurs serious consequences for non-payment. However, it is possible to save on taxes legally.
Find out moreCalculate your tax with a tax calculator
Calculating tax can sometimes be complicated, and if the calculation is wrong it could mean paying too much or too little tax, causing problems.
Find out more