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.

Examples include Corporation Tax, Value Added Tax and customs duty.

2. Verb.

To levy a tax.

See also

• Accruals basis
• Business in Europe: Framework for Income Taxation
• Business rates
• Capital tax
• Carbon tax
• Cash basis
• Charge
• Claims and elections
• Cliff edge
• Concession
• Corporation Tax
• Customs duty
• DEBRA
• Determination
• Direct tax
• Double taxation
• Duty
• Financial Transaction Tax
• Her Majesty’s Revenue & Customs
• Income Tax
• Indirect tax
• Inheritance tax
• Levy
• Payroll tax
• Profit after tax
• Profit before tax
• Sales Tax
• Schedular system
• Supertax
• Surcharge
• Tax base
• Tax break
• Tax capacity
• Tax compliance
• Tax computation
• Tax credit
• Tax depreciation
• Tax evasion
• Tax harmonisation
• Tax haven
• Tax planning
• Tax rate
• Tax relief
• Tax risk
• Tax ruling
• Tax shield
• Tax yield
• UK Bank Levy
• Value Added Tax
• Wealth tax
• Withholding tax