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Income Tax for employed staff in the UK is
deducted directly from salary. This is known as Pay as you Earn,
usually refereed to as PAYE.
Higher rate taxpayers and those
in regular receipt of expenses over and above their salaries are
required to submit a tax return once a year. If this is required
the relevant form will be sent to you in the May or June of the
year following the tax year for which it relates (the tax year in
the UK runs from April to March)
Everybody in the UK receives a personal allowance on which they
pay no tax. As well as Income Tax you will pay National Insurance
Contributions.
Please consult http://www.inlandrevenue.gov.uk/pdfs/irinsert.htm
for rates and thresholds.
Value Added Tax (VAT) is 17.5%. There are a few categories of goods
which are exempt from VAT.
Concise information on most aspects of taxation and National Insurance
are available on the Inland Revenue’s web site: www.inlandrevenue.gov.uk.
This site also has a number of leaflets that can be downloaded,
only available in English.
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