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Definition tax in British English

tax noun

[countable/uncountable] noun
/tæks/

▪ abolish, avoid, cut, evade, impose, increase, levy, lower, pay, raise, reduce

1

an amount of money that you have to pay to the government that it uses to provide public services and pay for government institutions. There are several different types of tax, for example income tax that is paid on your income, or a duty that is paid on goods that you buy or sell

Example

Income tax payments are due on the 15th of April.

Example

She owes over £50,000 in unpaid taxes.

Example

The government has promised to lower taxes after the election.

Example

plans for an increase in the tax on petrol

Example

The increased tax burden could force many small companies to close.

Synonyms and related words
Definition tax in British English