To deal with environmental concerns like global warming Tax environment Types of taxes: (1)Individual Income tax Corporation tax Chargeable gains tax Inheritance tax Value added tax (2)Indirect tax direct tax (3)Revenue tax capital tax (4)progressive tax non-progressive tax Structure of UK tax system Her Majesty's Treasury formally imposes and collects taxation Her Majesty's Revenue and Customs (HMRC)administers the collection of tax: Officers of HMRC agree tax liabilities. Receivable Management Officers collect unpaid tax. Revenue and Customs Prosecutions office provides legal advice and institutes and conducts criminal prosecutions Reviews and appeals: Internal review by HMRC officer. Appeal to tax tribunal. Tax tribunal: First tier tribunal deals with most cases. Upper tier deals with complex cases. Tax avoidance and tax evasion Tax evasion: Misleading HMRC by suppressing information or deliberately providing false information Illegal. Tax avoidance: Using the legislation to reduce your tax burden. Legal. 2基本概念和知识点 Individual Income tax 9 To deal with environmental concerns like global warming. Tax environment Types of taxes: (1) Individual Income tax Corporation tax Chargeable gains tax Inheritance tax Value added tax (2) Indirect tax & direct tax (3) Revenue tax & capital tax (4) progressive tax & non-progressive tax Structure of UK tax system Her Majesty’s Treasury formally imposes and collects taxation. Her Majesty’s Revenue and Customs (HMRC) administers the collection of tax: Officers of HMRC agree tax liabilities. Receivable Management Officers collect unpaid tax. Revenue and Customs Prosecutions office provides legal advice and institutes and conducts criminal prosecutions. Reviews and appeals: Internal review by HMRC officer. Appeal to tax tribunal. Tax tribunal: First tier tribunal deals with most cases. Upper tier deals with complex cases. Tax avoidance and tax evasion Tax evasion: Misleading HMRC by suppressing information or deliberately providing false information. Illegal. Tax avoidance: Using the legislation to reduce your tax burden. Legal. 2.基本概念和知识点 Individual Income tax