Business terms and jargon explained. Your business dictionary

What is Default Surcharge

Tax Definition:-

A civil penalty used to encourage businesses to submit their VAT Returns and pay the tax due on time. If the VAT Return and all tax due are not received by the due date, a business is in default. Calculated as a percentage of the VAT unpaid by the due date.

Crown Copyright. Material taken from HM Revenue & Customs. Reproduced under the terms and conditions of the Click-Use Licence.

<- Go Back
Business Terms Home page

Search jargon and terms database to learn more:-

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z


Search Term   

MoneyGram Entitled Vessel Naira Broker
Charge Comparative Advantage Deep pockets Decree Nisi
Bona vacantia European Court of Justice Business Impact Bullet Loan
Performers Rights Quartile Guaranteeing Associations Lawyer
Bear hug Ringgit Natural resources Krone
BACS - Authorised Operator Mediation Order Optimisation
EBITDA Dissolution Invention Accruals Basis
Overheads Logical Bomb World Intellectual Property Office XU
Cuba Clause Overwrite Procedure THX ECDSA
Charities N445 Civil Court form Direct Debit Mitigating

Term created / updated 2006-12-03 22:59:11

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

Copyright © 2004-2019 Scopulus Limited. All rights reserved.