UK Taxation: An Overview
The UK taxation system can be complex, with varying tax rates and allowances. It is important for businesses and individuals to understand their obligations when it comes to taxation in the UK. This article provides an overview of the UK taxation system, including the different types of taxes, the rates and allowances, and how to register for taxation.

Income Tax: What You Need to Know
Income tax is the most common form of taxation in the UK. It is based on the amount of money you earn, and is charged at different rates depending on your income level. Income tax is collected by HMRC, and is used to fund public services. Understanding the different tax bands and allowances available can help you to make sure that you pay the correct amount of tax.

National Insurance Contributions: What You Need to Know
National Insurance Contributions (NICs) are another form of taxation in the UK. These contributions are used to fund certain social security benefits, such as the state pension. The amount of NICs you pay depends on your employment status and your income level. It is important to understand the different rates and allowances available when it comes to NICs.

Value Added Tax: What You Need to Know
Value Added Tax (VAT) is a form of indirect tax that is charged on most goods and services in the UK. It is charged at different rates depending on the type of goods or services being sold. Businesses must register for VAT if their turnover exceeds a certain threshold. Understanding VAT rates and how to register can help businesses to ensure that they comply with their obligations.

Capital Gains Tax: What You Need to Know
Capital Gains Tax (CGT) is a form of taxation that is charged on the profits made from the sale of certain assets. CGT is charged at different rates depending on the type of asset being sold. It is important to understand the different rates and allowances available when it comes to CGT.

Corporation Tax: What You Need to Know
Corporation Tax is a form of taxation that is charged on the profits of companies and other organisations. The rate of Corporation Tax is set by the government and is currently set at 19%. It is important for businesses to understand their Corporation Tax obligations and to make sure that they pay the correct amount of tax.

Stamp Duty: What You Need to Know
Stamp Duty is a form of taxation that is charged on certain transactions, such as the purchase of property or shares. The rate of Stamp Duty is set by the government, and is dependent on the type of transaction being made. Understanding your Stamp Duty obligations can help to ensure that you pay the correct amount of tax.

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