4 ms·
In the UK the vast majority of national tax take is either baked into the price of goods (things like VAT, alcohol, petrol taxes) or taken off by your employer.
by iso1631 4y ago
In the UK the vast majority of national tax take is either baked into the price of goods (things like VAT, alcohol, petrol taxes) or taken off by your employer.
Each month I get a payslip saying I've earned £xxxx and £yyyy has been taken in various taxes and other deductions (from pension to [optional] healthcare, some of which comes off pre tax, some post tax), and the balance is transferred into my nominated bank account each month.
At the end of the year I get a summary from my employer called a P60, which shows how much tax I've paid.
If I have complex needs I then have 9 months to go to a gov.uk website, fill in that data, and either get a rebate or a bill. If it's a bill then they adjust my tax code (which defines the deductions) the next year it takes about 10 minutes (or I can just pay straight away), if it's a rebate they pay it direct to my account (or they can adjust next years deductions)
For self employed people then, but you likely have an accountant who handles everything, and pay yourself via dividends, making large enough tax savings to easily pay accountant fees (which for a small business is pretty low)
I don't consider tax a burden, I consider it the cost of living in a western society. I don't have to pay them - I could move to Svalbard or a country that would take me and pay taxes in that country. Even Americans can do this (and get rid of their US citizenship - saying "no I don't want the benefits of American society")