AS Paper 2, June 2023The UK Economy – Performance and Policies
AS Paper 2, June 2023, Q3(a)
Which one of the following can be deduced from the above chart?
Multiple choice1 mark
Context
The chart below shows areas of UK Government tax revenues for 2021–22. The total tax revenue for the year was £820 billion. Other Government revenue £88 billion Income tax £198 billion Other taxes £84 billion Council tax £40 billion Business rates £24 billion National Insurance £147 billion VAT £151 billion Excise duties £48 billion Corporation tax £40 billion …
ACorporation tax revenue is higher than excise duties
BIncome tax raises less revenue than Value Added Tax (VAT)
CTax revenue from business rates contributes to approximately 3% of the overall government tax revenue
DTax revenue from National Insurance contributions is five times