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Tax revenues as a percentage of GDP for the UK in comparison to the OECD and the EU 15. In 1971, the top rate of income tax on earned income was cut to 75%. A surcharge of 15% on investment income kept the overall top rate on that income at 90%. In 1974 the top tax rate on earned income was again raised, to 83%.
Prior to the formation of the Kingdom of Great Britain in 1707 and the United Kingdom in 1801, taxation had been levied in the countries that joined to become the UK. For example, in England, King John introduced an export tax on wool in 1203 and King Edward I introduced taxes on wine in 1275. Also in England, a Poor Law tax was established in ...
v. t. e. Corporation tax in the United Kingdom is a corporate tax levied in on the profits made by UK-resident companies and on the profits of entities registered overseas with permanent establishments in the UK. Until 1 April 1965, companies were taxed at the same income tax rates as individual taxpayers, with an additional profits tax levied ...
US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending Read the full story
The 50% Rule in English faith school admissions introduced in 2010, stipulating that where newly established academies with a religious character are oversubscribed, at least 50% of their places would be open places, i.e. allocated without reference to faith. The rule is sometimes referred to as the Faith Cap on admissions.
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In the compulsory state education system up to the age of 14, assessment is usually carried out at periodic intervals against National Curriculum levels. This is especially the case at the end of each Key Stage, at the ages of 7, 11 and 14, where students are statutorily assessed against these levels.
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