UK Taxation Policy LO1) Analyse the nature of taxation in the UK economy LO2) Critically evaluate the UK tax system LO3) Apply the theory of taxation in LO1 and LO2 Further Instructions: Taxation is a means by which government raises revenue from individuals and businesses which then provides collective goods and services for the benefit of UK residents. Analyse the nature of taxation on personal incomes and on expenditure undertaken by individuals within the UK, including taxes which are used to influence consumer behaviour. You should include environmental taxes. You should also compare the impact of direct and indirect taxation on individuals, including fairness and tax optimisation.
