INCOME TAX Content taken from Tax Matters () reproduced with kind permission of HM Revenue & Customs..
Income Tax. What is tax? (An amount of) money paid to the government, which is based on your income or the cost of goods or services you have bought Definition.
Unit 1 Topic 1.4.4. Must learn: the legal requirements of setting up a business Should learn: the types of taxation businesses must pay Could learn:
