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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. W

    taxman

    had a meeting with accountant today,was told the tax man is planning a purge(excuse the pun) on plumbers,apperantley had a purge on dentists. so all you se boys be carefull,he also said they tend to start on poeple who do there own books.mind you he would say that
  2. P

    Wages!

    What is the average hourly rate now for plumbers? Am i being Ripped off on £12 an hour?? time and a half on all call outs too, i thought it was good until i got chatting to some plumbers for other firms in the local plumb centre!
    • plumberdan23
    • Thread
    • advertising bodies costs courses difficult free gas high hose insurance job jobs paperwork plumber plumbers plumbing problem running costs supply tax tools van website work
    • Replies: 29
    • Forum: Plumbing Jobs | The Job-board
  3. R

    derv 18 pence per litre

    something came to my attention the other day, bio fuel machine £2,500, makes fuel to run on any deisil engine with no modification for 18p per litre + tax. why cant we buy it at the pumps????????????.
  4. M

    anybody vote for this ?

    im peeved, i voted lib dem for change and liking his policies. missus voted labour to give him another chance never in a million years did i expect this - clegg has now changed his policies in exchange for becoming deputy pm. anybody who voted for clegg has lost. anybody who voted cameron has...
  5. M

    self employed whilst working

    any advice or anyone done this... im free weekends and tuesdays, i get asked to do jobs but normally go through the bloke i work for. Asx some of you know my wages are dire, fully qualifed nvq level 2, currently completing my level 3 so dont want to leave him until thats completed, he has giv...
    • moony
    • Thread
    • accountant apprenticeship army branch building costs employed fitting free heating jobs marketing nvq nvq 2 plumber plumbing pricing self employed tax tools trade training underfloor underfloor heating unvented van work working year
    • Replies: 9
    • Forum: Plumbing Jobs | The Job-board
  6. S

    tax

    Why dont we just hand over our wages and let them give us some spendy money back because in this country the amount of sublime taxation seems to be expanding every year:mad:
  7. S

    10k wages...is someone pulling my leg?

    Might be a stupid question but is it possible?, just heard about a self employed guy working in London, he's apparently working 7 days a week and bringing back about 10k before tax, is it even possible, i am going to be put in touch with him in a few weeks to try and work with him but wondering...
    • Smcart5
    • Thread
    • 6129 central city gas hot hot water insurance job jobs law london no hot water plumber plumbers plumbing price public question skills someone tax touch training water work
    • Replies: 26
    • Forum: Plumbing Jobs | The Job-board
  8. S

    tax

    now that the weather is starting to make global warming a bit doubt full anyone want to bet me that gorgeous gordon doesnt start a snow tax no doubt we willl have to pay by the inch
  9. G

    Accountants and tax

    Hi, I am hoping that some of you more experianced guys can help me out when it comes to the tax man. I am about to sign a contract with my current employer to go as a sub-contractor and effectivily going self employed. Currently i pay through the cis scheme, but my question is.... is it worth...
  10. N

    when is gas going to run out?

    was having a chat other day , when is gas going to run out? i was told about 15-20 years gas is left but is it true ?
    • NO1PLUMBER
    • Thread
    • cheap energy gas going green head oil plumber pressurised tax water
    • Replies: 10
    • Forum: Plumbing Jobs | The Job-board
  11. J

    Woman claiming on my insurance

    Was going to put this up in the insurance though my customer comes on here. Basically I was wondering weather I had a leg to stand on or weather I would have to cough up the excess of £250 for a insurance claim and basically just wanted to consult you old boys who have maybe been in a similar...
    • johnmcginty
    • Thread
    • 100 buy damage difficult gas high insurance liability moving plumber problem shower shower valve stopcock tax temp valve wall washing machine weather
    • Replies: 17
    • Forum: Plumbing Jobs | The Job-board
  12. M

    pound in your pocket

    heard jeremy vine on radio today questioning what the pound in my pocket is worth. will one of you maths guys please tell me. i have a pound in my pocket, its from my wage so ive already lost 1/3 of it in tax and ni. so my pound is now 66p now i go to shop and buy a tin of beer with 15% vat...
  13. S

    Tax Goblins....

    I liked Dave's last couple of posts so much I thought of a similar one, There you are sitting in a prison cell because the "tax goblins" have decided that you haven't paid all the tax that you should and after they've taken your house:mad:, van:(, wife:), children:D but just before they whip...
  14. F

    pay on self employed to not!!

    hey lads looking a bit of advice on money.lol.i am a plumber in northern ireland and am working for a company but am self employed(think its called CIS or somethin like that!)i am getting approx 370 home and 450 before tax. i am looking to go back on the cards(sick and holiday pay etc)and have...
  15. O

    Mileage or fuel receipts?

    hi all, have been told to do it both ways but which way would you consider better? claim 40pence per mile (could be wrong) OR just put fuel receipts through the books. at the moment im doing both but not sure which one is the better. and being as i can only put one method through the books i...
  16. Dan

    Van Leasing Sponsor Coming Soon

    We have a new sponsor comning on board, this will be for most of our websites. The sponsor is a Van Leasing company, we're in final talks with two at the moment and are just getting the best deal out of one of them. Obviously we want this to be a long-standing thing so we're making sure it's...
  17. O

    bookkeeing methods & advice

    does anyone have a good bookkeeping method they would like to share? or does everyone use an accountant to do it all for them these days? J
  18. S

    OLCI Home-Study Courses

    Has anyone tried the OLCI Home-Study courses? OLCI also offer practical training sessions as well, so I would complement the theory with the practical sessions. I am looking at doing a course and ideally would have gone for one of the 8/10 week courses but due to work constraints, I am unlikely...
    • Singularity
    • Thread
    • 6129 bathroom copper courses flux gas hose installation insurance leeds olci pipe pipes plumbers plumbing pricing sales study tax tiling training traps valves viy waste waste pipe water work
    • Replies: 11
    • Forum: Plumbing Jobs | The Job-board
  19. U

    CORGI new reduced cost registretion

    CORGI’s introduction of a new ‘reduced cost’ registration fee for registered employees who want to carry out private work for family and friends has been heavily criticised by the APHC as an ill thought out concept that would only legitimise the black economy. CORGI has announced that for...
    • uug197h
    • Thread
    • acs corgi eco employer find gas gas safe heating installers insurance introduction jobs law permission plumbing private reduced response safe safety short tax tee work
    • Replies: 0
    • Forum: Plumbing Jobs | The Job-board
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