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Asked by Sandi

What are the types of Taxes?

In general there are two major types of taxes: 1) Direct Taxes: these are taxes levied on a person's wealth such as Income Tax, Wealth Tax, Capital Gains Tax 2) Indirect Taxes: these are taxes that are obtained through a person's action's such as VAT, Liquor Tax, Nicotine Tax

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Check out this website https://www.expatica.com/uk/finance/taxes/a-complete-guide-to-the-uk-tax-system-758254/ It is a complete guide to the UK tax system. You will find all the types of taxes there.

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Samuel Osei-Wusu
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