Tuesday, February 10, 2015

Why are businesses important to the UK government?

Why are businesses important to the UK government?
the U.K Government?
The UK generates income from:
The employees pay tax based on the amount of their earnings (PAYE) a system based on what the staff earned. The organisations pay corporation tax which is set up by the government.
The government use taxes to guide social services e.g. transportation, hospitals, education and others to provide services, the government employ staff for the all those services who also pays tax.
Business provides job that helps the economy and the welfare bills to the UK is reduced. The businesses in the UK also generate income for the government in the form of Value Added Tax (VAT) which organisations collect at the point of the sale for the goods or service

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