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In the United Kingdom, the value added tax (VAT) [1] was introduced in 1973, replacing Purchase Tax, and is the third-largest source of government revenue, after income tax and National Insurance. It is administered and collected by HM Revenue and Customs, primarily through the Value Added Tax Act 1994 . VAT is levied on most goods and services ...
Background Rishi Sunak giving his final speech as prime minister on 5 July 2024. Following the landslide victory of the Labour Party led by Keir Starmer in the 2024 general election, Rishi Sunak said in his final speech as Prime Minister that he would resign as leader of the party, but not immediately, staying on as leader as preparations are made to elect his successor.
Tax revenues as a percentage of GDP for the UK in comparison to the OECD and the EU 15. In 1971, the top rate of income tax on earned income was cut to 75%. A surcharge of 15% on investment income kept the overall top rate on that income at 90%. In 1974 the top tax rate on earned income was again raised, to 83%.
v. t. e. Corporation tax in the United Kingdom is a corporate tax levied in on the profits made by UK-resident companies and on the profits of entities registered overseas with permanent establishments in the UK. Until 1 April 1965, companies were taxed at the same income tax rates as individual taxpayers, with an additional profits tax levied ...
Regulatory structure. The detailed requirements of the Building Regulations in England and Wales are scheduled within 18 separate headings, each designated by a letter (Part A to Part S), and covering aspects such as workmanship, adequate materials, structure, waterproofing and weatherisation, fire safety and means of escape, sound isolation, ventilation, safe (potable) water, protection from ...
"Green" in these tables refers to combined totals for the green parties in the United Kingdom, namely the Green Party of England and Wales, the Scottish Greens, and, for polls of the entire UK, the Green Party Northern Ireland. The three parties share a commitment to environmental policies, but are independent of one another, with each ...
Breakdown of UK daily newspaper circulation, 1956 to 2019. At the start of the 19th century, the highest-circulation newspaper in the United Kingdom was the Morning Post, which sold around 4,000 copies per day, twice the sales of its nearest rival. As production methods improved, print runs increased and newspapers were sold at lower prices.
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom ( UK) or Britain, [m] is a country in Northwestern Europe, off the coast of the continental mainland. [21] [22] It comprises England, Scotland, Wales, and Northern Ireland.