Question: PLZ PLZ HELP ANSWER 1 Value Added Tax (VAT) is a successful tax in most legal tax systems around the world. One example can be

PLZ PLZ HELP

ANSWER 1

Value Added Tax (VAT) is a successful tax in most legal tax systems around the world. One example can be seen in the United Kingdom. Required: Explain why this statement is true and how VAT operates in practice. Consider some of the specific advantages over other taxes.

ANSWER 2

"The compulsory nature of national insurance and its payment using earnings as its base, just like income tax, makes it feel, however, very much like a tax" (Lymer and Oats, 2022, pp. 106-107). Required: Explain, the statement above and how the National Insurance system operates.

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