Define: Tax

UK Accounting Glossary

Definition: Tax


Quick Summary of Tax


Charge levied by a governmental unit on income, consumption, wealth, or other basis.



What is the dictionary definition of Tax?

Dictionary Definition


  1. Money paid to the government other than for transaction-specific goods and services.
  2. A burdensome demand.
  3. A task exacted from one who is under control; a contribution or service, the rendering of which is imposed upon a subject.

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Full Definition of Tax


A tax (derived from the Latin phrase taxo) is a compulsory financial charge or some other type of levy imposed upon a taxpayer (as an individual or legal entity) by a governmental organisation in order to fund public expenditures.


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Synonyms For Tax


charge, strain, duty, burden, levy

Tax FAQ's



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Modern Language Association (MLA):
Tax. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. January 18, 2020 https://payrollheaven.com/define/tax/.
Chicago Manual of Style (CMS):
Tax. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/tax/ (accessed: January 18, 2020).
American Psychological Association (APA):
Tax. PayrollHeaven.com. Retrieved January 18, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/tax/

Definition Sources


Definitions for Tax are sourced/syndicated from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th December 2018.