By Lily Zhou The number of UK taxpayers liable to pay the top rate of income tax is set to reach 1 million for the first time as more people are dragged into the bracket amid an ongoing threshold freeze. The total number of taxpayers has also jumped by millions in the past three years, […]
Tag: Tax
A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.