Edexcel GCSE Citizenship Studies · 1CS0
Paper 1, Paper 2
Revise: Taxation and SpendingMore spending on one priority may mean less for another, higher taxes or additional borrowing.
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GCSE Citizenship Studies · key term
A compulsory payment imposed by government on individuals or businesses to raise revenue and sometimes influence behaviour.
Used by Edexcel
Paper 1, Paper 2
Revise: Taxation and SpendingMore spending on one priority may mean less for another, higher taxes or additional borrowing.
Distinguish taxes on income or profits from taxes on purchases: Income Tax is direct; VAT is indirect.
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