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Challenge the Chancellor Competition

2007/8 Competition

Image copyright: Various, stock.xchng

This year's competition is now open. If you want to see how last year's winners did then please have a look at the winning entries.

This year's competition will be open for entries from 1st January 2008 to 14th March 2008. The competition complements economics, business studies and citizenship courses and enterprise education.

• Competition for A2/AS/Applied Business students - Have you got the skill and imagination to think up a great new tax policy?
• Competition for GCSE students - Saturday job tax trap

Prizes

So what's the incentive? Besides learning about tax policy and how wages are taxed , there are some great prizes on offer:

A2/AS/Applied Business competition:

• Each member of the winning team - £100 of spending vouchers
• Each member of the runners up team - £50 of spending vouchers
• School prize - to be spent in the department which enters the winning team - £1,000

GCSE competition:

• Each member of the winning team - £75 of spending vouchers
• Each member of the runners up team - £40 of spending vouchers
• School prize - to be spent in the department which enters the winning team - £300 (kindly provided by BDO Stoy Hayward)

Winners and runners up in both competitions will be invited to a prizegiving lunch in London following the Spring Budget. Travel expenses from within the UK will be covered for team members and up to two teachers per team.

Notes for Lecturers and Teachers

• Both competitions - notes for lecturers and teachers
• GCSE competition - teachers' notes

Both competitions are sponsored by the Chartered Institute of Taxation and BDO Stoy Hayward. The GCSE/GNVQ competition is linked to KS3 Citizenship and to TaxTalking teaching materials and has been designed with reference to the syllabi for GCSE and GNVQ courses in business studies.