LO1) Analyse the nature of taxation in the UK economy
LO2) Critically evaluate the UK tax system
LO3) Apply the theory of taxation in LO1 and LO2
Taxation is a means by which government raises revenue from individuals and businesses which then provides collective goods and services for the benefit of UK residents.
Analyse the nature of taxation on personal incomes and on expenditure undertaken by individuals within the UK, including taxes which are used to influence consumer behaviour. You should include environmental taxes.