describe the UK tax system(including the structure,sources of tax and types of tax)and explain the role and responsible of tax practitione

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describe the UK tax system(including the structure,sources of tax and types of tax)and explain the role and responsible of tax practitione

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Answer:

The income tax for year in  UK runs from the  6 April to  following 5 April so the 2015/16 tax year runs from 6 April 2015 to 5 April 2016.

UK tax laws applies throughout the UK. The UK comprises  the England, Scotland, Wales and Northern Ireland and  the most, but not all, of the smaller islands around the British coast. The tax system extends to off shore oil platforms in the British territorial waters. Channel Islands,  Isle of Man and  Republic of Ireland are not part of  UK for tax purposes.The UK tax law applies throughout  UK but there are some specific provisions that recognize a  diff erent legal systems in the  Scotland and to  lesser extent, in the Northern Ireland

A system for independent taxation that operates in the UK, so husbands and wives are taxed separately.

The main tax of individuals working in  UK is income tax on person’s earnings. This  will helps pay for services like the education and the  healthcare. You may probably also required for paying UK social security. In the UK social security is called National Insurance & this helps pays for some benefits & the State Pension.

HMRC – Her Majesty’s Revenue & Customs is  UK tax authority. Her Majesty’s Revenue & Customs provides  useful source for  information for taxpayers  & ensures that people comply with their obligations, without its paying more tax than what is legally due. It is  worth making sure you must comply with the UK tax laws as it can be penalties for the non compliance , failure to pay  correct amount of tax.

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