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tax

A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national). A failure to pay in a timely manner, along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent. The first known taxation took place in Ancient Egypt around 3000–2800 BC.
Most countries have a tax system in place, in order to pay for public, common, or agreed national needs and for the functions of government. Some levy a flat percentage rate of taxation on personal annual income, but most scale taxes are progressive based on brackets of annual income amounts. Most countries charge a tax on an individual's income as well as on corporate income. Countries or subunits often also impose wealth taxes, inheritance taxes, estate taxes, gift taxes, property taxes, sales taxes, use taxes, payroll taxes, duties and/or tariffs.
In economic terms, taxation transfers wealth from households or businesses to the government. This has effects that can both increase and reduce economic growth and economic welfare. Consequently, taxation is a highly debated topic.

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  1. D

    plumber jailed for tax evasion

    Plumber jailed for tax fraud - HVP: Heating, Ventilating & Plumbing
  2. quality

    Tax

    Hi guys etc I am being genuine here Armryash seem a good lad with his head screwed on and hopefully will make a decent plumber (which I am pretty sure he will do). My point is ! these guys who leave these MOD get £2200 every year for 10 years after they have left. I have only picked Armyash...
  3. O

    Self Assessment and Mr Tax Man

    Hey fellas, does anyone here do their own tax stuff, ive been doing my own self assessments for the past 3 years (when i set up self employed) just wondered if anyone has ever had the tax man on their case regarding their self assessments if you have done them yourself. ive never had an...
  4. M

    Vehicle tax allowances.

    I am just doing my first year accounts and I am looking at how to claim for vehicle expenses. I do about 15,000 miles P.A., if I claim for all expenses then that adds up to: Fuel £2100 Tax/insurance/service/MOT £700 Mechanical faults (not had any yet but allowing for some) £500...
  5. S

    Tax question?

    Hi all. All this year I was building up to starting on my own after 19 years of working for others however with the downturn i bottled it. After spending a few thousand on equipment and registration though and having work from an estate agent i decided to trade after work for a couple of hours...
  6. cr0ft

    Plumbers arrested over tax evasion

    Check this out! Plumbers arrested over tax issue - Checkatrade News
  7. M

    Load of plumbers arrested for not declaring their tax

    hmrc press release: http://nds.coi.gov.uk/clientmicrosite/Content/Detail.aspx?ClientId=257&NewsAreaId=2&ReleaseID=420817&SubjectId=36 I know these would only be a tiny minority and not the sort of people who regularly post here but you might be interested apparently 5 plumbers arrested so far...
  8. D

    tax return, self employed

    just wondering when and how you send your incoming and out going (tax return), paperwork in, i have just recently went self employed, do i need to do it at all ?, those of you that have been there done that, your input would be appreciated.i don't have a accountant
  9. E

    Working Self Employed & Tax etc

    Hello, I am interested to know the details about starting a business regarding tax etc. Say its the start of the tax year and my business, I havent registered it yet, but have recieved £6000 in orders, paid into my own bank account, at what point do i need to be register my business in order...
    • emanresu007
    • Thread
    • accountant because business employed self employed tax working
    • Replies: 14
    • Forum: Plumbing Jobs | The Job-board
  10. T

    Tax safe ??

    Got a bloomin' letter last week. What a pain I really don't need this.
  11. W

    plumbers safe tax plan

    got home today to find letter from hmrc ,looked like a standard letter basically asking if i would like to pay more tax, which i thought not really,anyone else had one
  12. C

    Plumbers to come clean to tax amnesty

    Don't know about anyone else but the governemnt are planning to get all plumbers to come clean about any earnings that they have not declared An amnesty has been setup if you feel you have a guilty conscience and have the chance to own up and only get a little penalty in this climate it just...
  13. E

    the plumbers tax safe plan

    I see the Gov has set up a amnesty, so we can declear the money we have hidden away. Great that is all we need the tax man after money we do not have ( well I dont have any any way) Why have they picked on us have they been reading the press too much:confused:. PLUMBERS MAKE £100,000 A YEAR!.
  14. P

    potterton suprema

    boiler is flashing green light. it fires up for about 1 min and then cuts out and flashes green again. any ideas.
  15. M

    Starting my own business

    Hi everyone, I don't know if I've posted this in the right bit or not. I'm thinking of going self employed in the new year. I am currently working for a company that might be going belly up. So I am either gunna carry on working for them and for myself legit, or if I loose my job, work for just...
  16. F

    Who did you register your company as Ltd with???

    As above! Looking for information on registration and there are various companies and websites offering there services to register you as a limited company. Just wandering who people have used on here??? Thanks
  17. B

    gas safe number and work outside of work!!

    hi guys, after working as a plumber for the past 5 years, i decided i needed to become GSR. i have been working with a GSE for the last 12 months with the company i work for and Im in the process of completing my portfolio so i can take my exams to become GSR. anyway, when i finally do become...
    • beesley121
    • Thread
    • appliance boiler costs gas gas engineer gas safe gas safe register gsr job jobs maintain number outside plumber register safe tax work
    • Replies: 21
    • Forum: Plumbing Jobs | The Job-board
  18. S

    just a quick q

    saw a plumber today with a gas safe tax disk holder stuck in his windscreen. anyone know where i can get one? thanks
  19. D

    Changing my hourly rate - please take a look if you're a plumber

    sorry answered my own question.
    • Dannypipe
    • Thread
    • bathroom boilers budget changing combi eco gas gas safe heating hotwater hourly nvq nvq 2 please plumber power price problem renovation safe solar tax tools underfloor unvented water website work year you're
    • Replies: 7
    • Forum: Plumbing Jobs | The Job-board
  20. B

    Car/van tax

    renewed my taxdisc today on a 1.7 turbo diesel astra van its now £112 for six months a rip off,my van does not have its emissions on the logbook i was considering keeping it another year what do you fellas pay on newer vans?
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