Taxopedia

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National Insurance
A system of contributions paid by workers and employers to fund state benefits and the NHS.
Self Assessment
A system where individuals report their income and pay any tax owed directly to HMRC.

C

Corporation TaxTax paid by UK companies on their profits.Business

N

National InsuranceA system of contributions paid by workers and employers to fund state benefits and the NHS.Employment

P

Personal AllowanceThe amount of income you can earn each year without paying income tax.Allowances

S

Self AssessmentA system where individuals report their income and pay any tax owed directly to HMRC.Self assessment

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