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Encyclopedia > Customs (tax)

A customs duty is a tariff or tax on the import or export of goods. In England, customs duties were traditionally part of the customary revenue of the king, and therefore did not need parliamentary consent to be levied, unlike excise duties, land tax, or other impositions. A tariff is a tax on imported goods. ... A tax (also known as a duty, or Zakat in Islamic economics) is a financial charge or other levy imposed on an individual or a legal entity by a state or a functional equivalent of a state (e. ... Royal motto (French): Dieu et mon droit (Translated: God and my right) Englands location (dark green) within the United Kingdom (light green), with the Republic of Ireland (blue) to its west Languages None official English de facto Capital None official London de facto Largest city London Area – Total Ranked... Revenue is a US business term for the amount of money that a company can receive from its activities, mostly from sales of products and/or services to customers. ... Look up monarch in Wiktionary, the free dictionary. ... Insert non-formatted text hereInsert non-formatted text here:This article is about the legislative institution. ... An excise is an indirect tax or duty levied on items within a country. ... Land Value Taxation (LVT) is the policy of raising state revenues by charging each landholder a portion of the assessed site-only value of the unimproved land. ...


Customs is an authority or agency in a country responsible for collecting customs duties and for controlling the flow of people, animals and goods (including personal effects and hazardous items) in and out of the country. Depending on local legislation and regulations, the import or export of some goods may be restricted or forbidden, and the customs agency enforces these rules. The customs agency may be different from the immigration authority, which monitors persons who leave or enter the country, checking for appropriate documentation, apprehending people wanted by international search warrants, and impeding the entry of others deemed dangerous to the country. In politics, authority (Latin auctoritas, used in Roman law as opposed to potestas and imperium) is often used interchangeably with the term power. However, their meanings differ. ... Look up Agency in Wiktionary, the free dictionary In philosophy, law, and other fields, agency is the status of an agent. ... Wiktionary has related dictionary definitions, such as: country In political geography and international politics a country is a geographical territory. ... Hazard is a term used in evaluating safety: A hazard is a potential unwanted event. ... Bold textJAMES CHECKLEY Legislation (or statutory law) is law which has been promulgated (or enacted) by a legislature or other governing body. ... A search warrant is a written warrant issued by a judge or magistrate which authorizes the police to conduct a search of a person or location for evidence of a criminal offense. ...


Examples

Ensign of HM Revenue & Customs Her Majestys Revenue and Customs (HMRC) is a new department of the British Government created by the merger of the Inland Revenue and Her Majestys Customs and Excise which came into formal effect on 18 April 2005. ... US Customs is responsible for controlling the borders of the United States U.S. Customs and Border Protection (CBP), part of the United States Department of Homeland Security, is charged with preventing terrorists and terrorist weapons from entering the United States. ...

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