income tax code — A code number issued by the Board of Inland Revenue that takes account of the personal allowance available to the taxpayer together with any other additional allowances to which he or she is entitled, e.g. married couple s allowance. The code is… … Accounting dictionary
tax code — 1) See: income tax code 2) The body of tax law applicable in a country, in which the tax law is codified rather than laid down by statute … Accounting dictionary
tax code — 1) See income tax code 2) The body of tax law applicable in a country, in which the tax law is codified rather than laid down by statute … Big dictionary of business and management
income tax — n: a tax on the net income of an individual or a business compare excise, property tax Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
tax code — UK US noun [C] ► TAX in the UK, a set of numbers and letters used by the tax authority to show the amount of income tax that someone should pay, depending on their income and personal situation: »The higher the figures in your tax code, the more… … Financial and business terms
emergency tax code — An income tax code issued by the Inland Revenue in the event of an employee not having the correct code available for the employer to apply to earnings under pay as you earn. The code gives the basic personal allowance, but does not allow for any … Accounting dictionary
Income tax in the United States — UStaxationThe federal government of the United States imposes a progressive tax on the taxable income of individuals, partnerships, companies, corporations, trusts, decedents estates, and certain bankruptcy estates. Some state and municipal… … Wikipedia
income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… … Universalium
Tax code (PAYE) — In the UK, every person paid under the PAYE scheme is allocated a tax code by HM Revenue Customs. This is in the form of a number followed by a letter or letters, or a letter followed by numbers. This code describes to employers how much tax to… … Wikipedia
Income tax and gambling losses — Rules concerning income tax and gambling losses vary internationally.United KingdomIn the United Kingdom, wins (unless in the course of a trade) are not taxable and losses are not deductible.United StatesIn the United States, gambling wins are… … Wikipedia
