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Taxes can sound boring, but they pay for schools, hospitals and roads — let's see where your money goes and why it matters.Money people pay to the government so it can run public services.TaxA tax on the money you earn from work.Income taxExtra money added to the price when you buy something in a shop.Sales taxSomething the government provides for everyone, like firefighters or schools.Public serviceA form you fill in each year to show how much tax you owe.Tax returnValue Added Tax — a tax included in the price of goods and services in many countries.VATAny person or business that pays taxes to the government.TaxpayerTaxes mainly pay for…your personal savingspublic services like schools and roadsshop owners' profitsA tax added to the price when you buy something is called…income taxsales taxa fineVAT stands for…Very Added TotalValue Added TaxVolume And TradeA tax return is…money you get back from a shopa form showing how much tax you owea type of savings account
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