Quiz by George Mariyajohnson, created more than 1 year ago

Highers Accounting and Finance (Year 2) (Principles of UK Taxation) Quiz on Lecture 1- Introduction to the UK tax system, created by George Mariyajohnson on 20/01/2021.

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	Created by George Mariyajohnson almost 4 years ago

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Lecture 1- Introduction to the UK tax system

Question 1 of 7

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One objective of taxation is to . It includes , , & with . For example, this involves putting in place in times of /doing to encourage increased

Explanation

Question 2 of 7

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Another objective of taxation is to provide . These are provided for consumption that would unlikely be provided by . They have marginal cost, one individual cannot be from benefiting & all of society will consume the amount

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Question 3 of 7

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Third objective of taxation is . This involves providing & to improve standards of living for

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Question 4 of 7

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Fourth objective of taxation is . This involves protecting , generally or groups within who might be exploited

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Question 5 of 7

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Tax- Compulsory imposed by or other raising body on income, expenditure, wealth or people for which receives nothing specific in

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Question 6 of 7

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Direct tax- Tax which is on who is intended to bear final of paying it i.e. , , , &

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Question 7 of 7

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Indirect tax- Tax which is ultimately by someone other than on whom it is i.e. , &

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