At the end of the tax year you get a P60 form that tells you how much tax you paid over the last year.
Instead of opting for the deductibles route, goods are subsidised at point of sale, so e.g. if you're buying solar panels, you don't need to cover the whole thing up front, or whatever financing deal you get, then claim money back in your tax return; instead the price you buy the panel at already has the subsidy baked in.
There is a slight difference between the UK and US, though, in that there is no per-state/county income taxes. Only UK wide. Individual counties use property tax to raise what revenues they need (counties are also responsible for a lot less things than States)
> There is a slight difference between the UK and US, though, in that there is no per-state/county income taxes. Only UK wide.
Not completely true. Scotland has for several years now had the power to set higher or lower income tax rates than the rest of the UK, but until this year they've never actually used that power. But now this year, Scottish income tax rates are actually being set slightly higher than the rest of the UK – http://www.telegraph.co.uk/news/2017/02/02/middle-class-scot...
At the end of the tax year you get a P60 form that tells you how much tax you paid over the last year.
Instead of opting for the deductibles route, goods are subsidised at point of sale, so e.g. if you're buying solar panels, you don't need to cover the whole thing up front, or whatever financing deal you get, then claim money back in your tax return; instead the price you buy the panel at already has the subsidy baked in.
There is a slight difference between the UK and US, though, in that there is no per-state/county income taxes. Only UK wide. Individual counties use property tax to raise what revenues they need (counties are also responsible for a lot less things than States)