TAX Flashcards

(4 cards)

1
Q

Inheritance tax

A

Tax on money or items left by someone who has dies

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2
Q

Income tax

A

Tax you pay on income

Only tax if you earn more than 12k a year

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3
Q

VAT

A

tax added to most products and services

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4
Q

Corporation tax

A

Tax on profit businesses make

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