Tax

Tax and treasury

1.

Compulsory financial contribution imposed by a government to raise revenue.

Levied on the income or property of persons or organisations, on the sale price of many goods and services and on certain other transactions.

2.

To levy a tax.

See also

• Charge
• Cliff edge
• Double taxation
• Schedular system
• Supertax
• Tax break
• Tax computation
• Tax compliance
• Sales Tax
• Direct tax
• Indirect tax
• Business rates
• UK Bank Levy