Tax

Tax and treasury.

1. Noun.

A 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. Verb.

To levy a tax.

See also

• Accruals basis
• Business rates
• Cash basis
• Charge
• Claims and elections
• Cliff edge
• Concession
• Determination
• Direct tax
• Double taxation
• Her Majesty’s Revenue & Customs
• Indirect tax
• Levy
• Sales Tax
• Schedular system
• Supertax
• Tax break
• Tax compliance
• Tax computation
• Tax relief
• Tax risk
• Tax shield
• UK Bank Levy