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1. This department | a) is withheld from your paycheck |
2. Central government revenues | b) are added to the amount while buying items |
3. You must pay corporation tax | c) is to raise revenues |
4.Property Tax | d) is responsible for the collection of taxes |
5. A certain amount of the money | e) is used to calculate how much tax you pay |
6. The main aim of the Internal Revenue Code | f) come primarily from income tax, national insurance contributions, value added tax, corporation tax |
7.Sales taxes | g) if your company is resident in the UK |
8. A PAYE Coding Notice | h) is to be paid for your property |
Fill in the correct words from the list below.
National Insurance, Value Added Tax, corporation, tax return, tax inspector, withholding, fiscal year, HMRC, income
1. …….. is a tax which is taken from pay for the UK's health and social security system.
2. …….. tax is payable on worldwide profits.
3. ……. is a method of collecting taxes.
4. In a ……. you give information about what you earn every year.
5. A …….. is a period of twelve month arbitrarily chosen for tax purposes.
6. …….. is paid to the government on goods and services and can be reclaimed by retailers.
7. A ……… is a person who decides how much tax an individual should pay.
8. In Britain …….. is the government office which collects the main taxes.
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