A bumper lesson that covers taxes. This includes theory on how taxes work and the different types of taxes in the UK. The lesson looks at how a change in taxes can impact a supply curve. The lesson looks at how both ad valorem and specific taxes work. I have included a nice supply curve task on calculating an ad valorem tax. I have included many examples. The lesson has many exam style questions to help test students knowledge. I have also included a nice worksheet on taxes. Perfect for Economics and Business Studies.