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Glossary > I > "Indirect taxation" Definition

Indirect taxation

Taxation which is levied in an indirect way rather than being charged directly on an individual"s income or estate.The main example in the UK is value added tax (VAT) charged on goods and services and paid by consumers.

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Indirect taxation - Taxation which is levied in an indirect way rather than being charged directly on an individual"s income or estate.The main example in the UK is value added tax (VAT) charged on goods and services and paid by consumers.

Indirect taxation : taxation which is levied in an indirect way rather than being charged directly on an individual"s income or estate.the main example in the uk is value added tax (vat) charged on goods and services and paid by consumers.