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Taxation in the United Kingdom. In the United Kingdom, the value added tax (VAT) [1] was introduced in 1973, replacing Purchase Tax, and is the third-largest source of government revenue, after income tax and National Insurance. It is administered and collected by HM Revenue and Customs, primarily through the Value Added Tax Act 1994 .
Trade discounts are given to try to increase the volume of sales being made by the supplier. The discount described as trade rate discount is sometimes called "trade discount". Trade discount is the discount allowed on retail price of a product or something. for e.g. Retail price of a cream is 25 and trade discount is 2% on 25.
In 2012, the UK's total fertility rate (TFR) was 1.92 children per woman, below the replacement rate, which in the UK is 2.075. In 2001, the TFR was at a record low of 1.63, but it then increased every year until it reached a peak of 1.96 in 2008, before decreasing again. In 2012 and 2013, England and Wales's TFR decreased to 1.85.
In the 2000 census, 24.5 million or 8.7% of Americans reported English ancestry, a decline of some eight million people. At the national level, the response rate for the ancestry question fell to 80.1% of the total U.S. population, while 19.9% were unclassified or ignored the question completely. It was the fourth largest ancestral group.
Provisional figures show that in 2013, 526,000 people arrived to live in the UK whilst 314,000 left, meaning that net inward migration was 212,000. The number of people immigrating to the UK increased between 2012 and 2013 by 28,000, whereas the number emigrating fell by 7,000.
The United Kingdom national debt is the total quantity of money borrowed by the Government of the United Kingdom at any time through the issue of securities by the British Treasury and other government agencies. At the end of March 2023, UK General government gross debt was £2,537.0 billion, or 100.5% gross domestic product.
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