- The function of the Budget.
- Changes to government funding affect all our lives.
Quick quiz on the Budget, the correct answer is marked *.
When you spend 50p on a can of drink - how much of the price is tax?
D: Nothing - Kids don't pay tax
If you spend £50 on a pair of size 3 trainers, how much tax do you pay?
D: Nothing - there's no tax on kids' shoes*
Which of these does the government spend most money on?
A: Fighting wars
B: Educating kids*
C: Making people obey the law
Income tax means
A: The more you earn the less you pay
B: The more you earn the more you pay*
C: The more you spend the more you save
Income tax in the UK was introduced to pay for
A: Hospitals and schools
B: A war with the French*
C: Henry VIII's Palaces
Who reads out The Budget?
A: Ex- chancellor of Quebeca
B: Chancellor of the Exchequer*
C: A bloke off the street
Your aunt wins the lottery, but she dies and leaves you a million quid. Do you have to pay tax on it?
A: Yes - Inheritance tax*
B: No - She gave it to you not the taxman
You pay VAT (Value Added Tax) when you:
A: Buy things*
B: Value things
C: Add things up
Which of these has the least tax on it?
If you have group internet access students can click on the headings below to link to online activities.