Calculate the annual revenue raised by introducing a co-payment fee of £25 per specialist outpatient consultation. Assume there are 180 million specialist outpatient consultations per year and 85% of these will be exempt from the charge. You are advised to show your working.
16 exam-style questions on Edexcel A A Level Economics 4.5.2 Taxation. Each one has a worked solution and a mark scheme showing where the marks go.