VAT in the UK is 20%
Related questions (4)
What is the current rate of VAT in the UK?
10%
15%
20%
25%
Explanation
VAT (Value Added Tax) in the UK is currently 20%. It is added to most goods and services. 10% and 15% are incorrect, and 25% is the rate in some other European countries.
Which of the following is NOT a type of tax in the UK?
Income tax
Council tax
Church tax
VAT
Explanation
The UK does not have a church tax. Income tax, council tax, National Insurance, and VAT are the main taxes. Church tax is found in some other European countries like Germany.
What are National Insurance contributions used to fund?
The armed forces
The State Pension and other benefits
Local road maintenance
The royal household
Explanation
National Insurance contributions fund the State Pension and other social security benefits. Road maintenance is funded by council tax and central government. The armed forces are funded by general taxation.
Is tax evasion a criminal offence in the UK?
No, it is only a civil matter
Yes, tax evasion is a criminal offence
Only if the amount is over £10,000
It depends on the type of tax
Explanation
Tax evasion is a criminal offence in the UK. All residents have a duty to pay taxes honestly. It is not merely a civil matter (Option A), does not depend on the amount (Option C), and applies regardless of the type of tax (Option D).