There is a quotation in England that there are two certainties in life – Death and Taxes!
This is certainly true. One is unavoidable and the other is distinctly undesirable.
For all employed people, tax is paid directly by their employer via a system called PAYE (Pay as you earn).
We pay two direct taxes – National insurance and Income Tax.
National Insurance is used to fund our social security and is charged at a rate of about 9 %
Income tax is charged at 10% for those on very low incomes, 22% for the majority of people and 40% for those people lucky enough to earn a higher salary.
Tax in the UK is collected by a government body called HM Revenue & Customs.
I currently want to opt out of tax but unfortunately the laws of the UK disagree with me!
Dave
