AS Paper 2, June 2017The UK Economy – Performance and Policies
AS Paper 2, June 2017, Q4(c)
Which one of the following is an example of a direct tax?
Multiple choice1 mark
Context
The Chancellor announced in the 2015 Budget that the personal allowance (the annual income that can be earned before starting to pay income tax) would increase from £10 600 to £11 000 in April 2016. This means most consumers will pay less income tax.
AValue Added Tax
BVehicle Excise Duty
CCorporation tax
DAlcohol duty