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  2. Taxation in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_Kingdom

    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%.

  3. Local government in England - Wikipedia

    en.wikipedia.org/wiki/Local_government_in_England

    In the financial year 2019/20, local authorities received 22% of their funding from grants, 52% from council tax and 27% from retained business rates. [61] In the financial year 2023/24, 51% of revenue expenditure is expected to come from UK Government grants, 31% from council tax and 15% from retained business rates. [27]

  4. Grant (money) - Wikipedia

    en.wikipedia.org/wiki/Grant_(money)

    Grant (money) Latin grant dated 1329, written on fine parchment or vellum, with seal. A grant is a financial award given by a government entity, foundation, corporation, or other organization to an individual or organization for a specific purpose. Unlike loans, grants do not need to be repaid, [1] making them an attractive source of funding ...

  5. Student loans and grants in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Student_loans_and_grants...

    The Labour government under Tony Blair passed the Teaching and Higher Education Act 1998 which introduced tuition fees of £1,000 per academic year to start in the 1998/9 academic year. [4] In addition, maintenance grants were replaced with repayable student loans for all but the poorest students.

  6. Gift Aid - Wikipedia

    en.wikipedia.org/wiki/Gift_Aid

    Gift Aid is a UK tax incentive that enables tax -effective giving by individuals to charities in the United Kingdom. Gift Aid was introduced in the Finance Act 1990 for donations given after 1 October 1990, but was originally limited to cash gifts of £600 or more. This threshold was successively reduced in April 2000 when the policy was ...

  7. Political funding in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Political_funding_in_the...

    in addition to the present "policy development grant" eligible parties should be granted public funding at the rate of £3.00 per vote in Westminster elections and £1.50 per vote in devolved and European elections; income tax relief should be available for donations up to £1,000 and membership fees to political parties. [8]

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