Taxation (UK)

Taxation in the UK refers to the system by which the government collects money from individuals and businesses to fund public services and infrastructure, such as healthcare, education, and transportation. Taxes come in various forms, including income tax (on earnings), value-added tax (on goods and services), and corporation tax (on company profits). Each type of tax has specific rules about how much is paid and who is liable. The government uses these funds to provide essential services and support social welfare, ensuring a functioning society and economy.