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Task 1, 1.1 Descibe the UK tax environment. 3

Task 2, 1.2 Analyse the role and responsibilities of the tax practioner. 7

Task 3, 1.3 Explain the tax obligations of tax prayers or their agents and the 8

BIBLIOGRAPHY. 10

Task 1, 1.1 Descibe the UK tax environment.

Taxation means by which governments finance their expenditure by imposing charges on citizens and corporate entities. Governments use taxation to encourage or discourage certain economic decision. Taxation in the United Kingdom may involve payments to a minimum of two different levels of government, Her Majesty’s Revenue and Customs and local government. The purpose of taxation is to allow the UK government to be able to raise funds to pay for the running of the country that includes education, roads, health services and others more.
The taxation in the UK largely administered by Her Majesty’s Revenue and Customs and established in 2005 by the Act of Parliament. The revenues come primarily from income tax, National Insurance contributions, value added tax, corporation tax and fuel duty. Follow by the government departments responsible for the administration of all aspects of the UK tax system for business and individuals, which its revenues come primarily from grants from central government funds, business rates, Council Tax and increasingly from fees and charges such as those from on-street parking.
The UK monetary year runs from 6th April to 5th April the next year. It will passed each year and compromises of changes which will apply mainly to the next tax year. For instance, the tax year for 2013/2014 runs from 6th April 2013 to 5th April 2014.

Income Tax

The amount of income that is used to calculate an individual's or a company's income tax due. Income tax in the UK is tax based on income at a certain level only and not all income tax is taxable as tax is…...

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