Teaching PowerPoints

2.6.2. Fiscal Policy - Taxation (Edexcel A-Level Economics Teaching PowerPoint)

Level:
A-Level
Board:
Edexcel

Last updated 29 Oct 2023

This Edexcel teaching powerpoint covers taxation.

In the UK, taxation is a compulsory contribution that citizens and businesses make to the government, in order to fund public services and government spending. The biggest sources of tax revenue in the UK are:

  • Income tax: This is a tax on an individual's earnings from employment or investments, and is the single largest source of tax revenue for the government.
  • Value Added Tax (VAT): This is a tax on the sale of goods and services, and is a significant source of revenue for the government.
  • National Insurance Contributions (NICs): These are contributions made by employees, employers, and the self-employed, and are used to fund state benefits such as the state pension, maternity pay, and sick pay.
  • Corporate tax: This is a tax on the profits of companies operating in the UK, and is a significant source of revenue for the government.

Download this PowerPoint

Daily Email Updates

Subscribe to our daily digest and get the day’s content delivered fresh to your inbox every morning at 7am.

Signup for emails

© 2002-2025 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.