tax deposit certificate
- A certificate issued by HM Revenue and Customs to a taxpayer who has made an advance payment in anticipation of future income tax, capital-gains tax, or corporation tax. The initial payment must not be less than £2000 and has to be made to a tax-collection office. The certificates bear interest, which is liable to tax. The interest rate depends on whether the certificate is withdrawn for cash or surrendered to meet a tax demand. A higher rate is paid on the latter. Interest normally runs to the date of encashment but if the certificate is used to pay tax, it runs only to the due date of payment of the liability, not the actual date of payment.
Big dictionary of business and management. 2014.
Look at other dictionaries:
tax deposit certificate — A certificate issued by the UK Inland Revenue to a taxpayer who has made an advance payment in anticipation of future income tax, capital gains tax, or corporation tax. The initial payment must not be less than £2000 and has to be made to a tax… … Accounting dictionary
tax deposit certificate — /tæks dɪ pɒzɪt səˌtɪfɪkət/ noun a certificate showing that a taxpayer has deposited money in advance of a tax payment (the money earns interest while on deposit) … Dictionary of banking and finance
certificate — A formal document used to record a fact and used as proof of the fact, such as stock certificates, that evidence ownership of stock in a corporation. Bloomberg Financial Dictionary Evidence of ownership of a company showing the number of shares… … Financial and business terms
Certificate of Annuity — (COA) is a financial instrument/security issued by government agencies which guarantee the initial interest rate for funds on deposit for the entire length of the maturity of the security. Typical maturity/tenor for these deposit instruments are… … Wikipedia
Certificate of deposit — This article is specific to the United States. For a more general article, see Time deposit. Banking in the United States Monetary policy The Federal Reserve System Regulation Lending Credit card Deposit accounts Savings account Checking account … Wikipedia
Tax lien sale — A tax lien sale is the sale, conducted by a governmental agency, of tax liens for delinquent taxes on real estate. It is one of two methodologies used by governmental agencies to collect delinquent taxes owed on real estate, the other being the… … Wikipedia
certificate — /sartifakat/ A written assurance, or official representation, that some act has or has not been done, or some event occurred, or some legal formality has been complied with. A written assurance made or issuing from some court, and designed as a… … Black's law dictionary
Investment certificate — This article is specific to the United States.An investment certificate is an investment product offered by an investment company or brokerage firm designed to offer a competitive yield to an investor with the added safety of their principal. [… … Wikipedia
All Savers Certificate — A type of nontaxable certificate of deposit account with a duration of one year that was used primarily by thrift institutions to build funds for mortgage lending. All Savers Certificates were authorized by the Economic Recovery Tax Act of 1981.… … Investment dictionary
savings certificate — a certificate of deposit for a specific sum of money in a savings account, esp. a deposit for a fixed term at a specified interest rate. [1915 20] * * * savings certificate noun A certificate of having invested a sum of money in government funds … Useful english dictionary