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  2. Taxation in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_Kingdom

    For income tax purposes, the remaining schedules were superseded by the Income Tax (Trading and Other Income) Act 2005, which also repealed Schedule F. For corporation tax purposes, the Schedular system was repealed and superseded by the Corporation Tax Acts of 2009 and 2010. The highest rate of income tax peaked in the Second World War at 99.25%.

  3. Pay-as-you-earn tax - Wikipedia

    en.wikipedia.org/wiki/Pay-as-you-earn_tax

    Devised by Sir Paul Chambers, PAYE was introduced into the UK in 1944, [1] following trials in 1940–1941. As with many of the United Kingdom's institutional arrangements, the way in which the state collects income tax through PAYE owes much of its form and structure to the peculiarities of the era in which it was devised.

  4. 2024 in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/2024_in_the_United_Kingdom

    Figures show the rate of UK unemployment rose to 4.2% between December 2023 and March 2024, its highest level for six months. [ 334 ] EasyJet cancels all flights to and from Tel Aviv for the whole of the summer, citing safety concerns following Iran 's drone and missile attack on Israel.

  5. Tax rates in Europe - Wikipedia

    en.wikipedia.org/wiki/Tax_rates_in_Europe

    Income tax for the United Kingdom is based on 2023/24 tax bands. The current tax free threshold on earnings is £12,570. The relief is tapered by £1 for every £2 earned over £100,000, resulting in an effective 60% tax rate for incomes between £100,000 and £125,140.

  6. List of countries by tax rates - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by_tax_rates

    Map of the world showing national-level sales tax / VAT rates as of October 2019. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.

  7. Income in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Income_in_the_United_Kingdom

    In September 2023, Joseph Rowntree Foundation calculated that a single adult in the UK in 2023 needs at least £29,500 a year to have an acceptable standard of living, up from £25,000 in 2022. Two partners with two children would need £50,000, compared to £44,500 in 2022. 29% of the UK population – which works out to 19.2 million people ...

  8. List of European countries by average wage - Wikipedia

    en.wikipedia.org/wiki/List_of_European_countries...

    March 2024) (Learn how and when to remove this message) This is the map and list of European countries by monthly average wage (annual divided by 12 months), gross and net income (after taxes) for full-time employees in their local currency and in euros.

  9. Value-added tax in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Value-added_tax_in_the...

    Between October 1940 and March 1973 the UK had a consumption tax called Purchase Tax, which was levied at different rates depending on an assessment of goods' luxuriousness. [4] Purchase Tax was applied to the wholesale price, introduced during World War II, initially at a rate of 33.3%. This was doubled in April 1942 to 66.6%, and further ...