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In the United Kingdom, tax law is the law that governs the rules for how taxes are levied and collected. This includes both direct and indirect taxes, such as income tax, corporation tax, and value added tax (VAT). Tax laws are set by the Parliament and enforced by HM Revenue & Customs (HMRC).
The UK's tax system is widely considered to be complex and convoluted. However, there are certain basic principles that underpin the system. For example, everyone who earns income in the UK is required to pay taxes on that income. Similarly, businesses must pay taxes on their profits.
While the specifics of tax law can be complex, at its core, tax law is designed to raise revenue for the government in a fair and efficient manner.
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