Year 10

Understanding taxation and government spending. Can taxes be avoided?

Year 10

Understanding taxation and government spending. Can taxes be avoided?

Lesson details

Key learning points

  1. In this lesson, we will explore the different types of taxation that are collected in the UK and how that money is used by the UK government. We shall then analyse the issue of tax avoidance and think about why people should pay tax.

Licence

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5 Questions

Q1.
Which institution advises the UK Government regarding the health of the economy?
Correct answer: The Bank of England
The Bank of Ireland
The Court of Appeal
The Official opposition
Q2.
What is an unhealthy economy defined as?
Backwards
Correct answer: In recession
Poorly
Unhappy
Q3.
In a healthy economy, which one of the following would not generally occur?
Businesses can grow
Correct answer: Lots of people would lose their jobs and become unemployed
Nurses and teachers receive a pay rise
State pension payments can be increased
Q4.
Which member of the Cabinet, with the help of the Treasury, is the key financial adviser for the Prime Minister?
Secretary of State for Defence
Secretary of State for Education
Secretary of State for Health and Social Care
Correct answer: The Chancellor of the Exchequer
Q5.
Which of the following statements best describes the relationship between economic changes and Government policies?
Correct answer: Government policy can be driven by several factors such as the environment or the economy.
Government policy is driven solely by the Department for Transport
The economy dictates every policy the Government adopts
The economy plays no part in driving the actions of Government

5 Questions

Q1.
Which of the following taxes can be described as indirect?
Income Tax
National Insurance
Stamp Duty
Correct answer: Value Added Tax
Q2.
Which of the following is a criminal offence?
Tax avoidance
Tax erosion
Correct answer: Tax evasion
Taxidermy
Q3.
Which of the following does the UK Government spend the most money on each year?
Space exploration
Correct answer: State pensions
The environment
Transport
Q4.
Is the UK Government likely to balance the budget in 2021?
Correct answer: No
Yes
Q5.
Which tax, other than Business Rates, feeds directly in to the budget of local authorities?
Correct answer: Council Tax
Income Tax
National Insurance
VAT