Лекция: TAXES IN THE UNITED KINGDOM

Individuals, partnerships and trusts pay income tax and capital gains Lax. Companies pay corporation taxes.

Income tax and capital gains tax are charged for a tax year, sometimes called fiscal year or year of assessment The tax year runs from б April to the following 5 April.

Corporation taxes are charged for a financial year which runs from 1 April to the following 31 March.

Companies generally pay corporation taxes nine months after the end of the accounting period.

Individuals usually pay 1axes in two equal instalments on 1 January and 1 July. Usually taxpayers are given 30 days to pay from the date of issue of an assessment

Tax assessments are normally based on returns issued by the Board of Inland Revenue, often called Inland Revenue or IR, for completion by the taxpayer.

If me company or person believes the assessment is incorrect an appeal may be lodged against it. Appeals arc made to either the General Commissioners or the Special Commissioners. The commissioners are completely independent of the Inland Revenue.

Employees pay taxes in a different way. When an employee takes a new job he has to give his new employer his P. 45. This is a document which shows the employee's tax coding and the amount of tax he has paid so far in the tax year.

If an employee has no P.45. he is put on an emergency coding. This means he has to pay tax at the single rate until his P.45. is found or until me tax office clarify his tax position. When the position is clarified the employee receives a refund of any tax overpaid.

Employees are taxed under P.A.Y.E. system, which means Pay as You Earn. Every employee has the tax deducted weekly or monthly. The deductions are calculated by reference to the employee's tax coding. This information is supplied to the employer by the tax office.

I… Закончите так как в тексте:

1. Individuals, partnerships and trusts pay...

2. Income tax and capital gains tax are charged for...

3. The tax year runs from.,,

4. Corporation taxes are charged for...

5. Companies generally pay corporation taxes nine...

6. Individuals usually pay taxes in two,..

7. Usually taxpayers are given 30...

8. Tax assessments arc normally based on returns issued by...

9. If the company or person believes the assessment is incorrect....

10. Employees pay taxes...

11.When the employee takes a new job he...