Business Terms and Jargon Explained

What is Allowable expenses

Are expenses that have been approved by the Inland Revenue that an employee may claim in their employment. These expenses will reduce the company’s taxable profits, which will reduce its tax bill.

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Operating System County Court Judgement Ex gratia
Turnover Sciens Chattels
Current Liability Lessor MIME
Proprietor Intermediate goods TAR
Escrow Net income FMCG
FTP Tax Evasion Payment terms
CVC Standing Order Estimation Procedure
Alib Period Entry Coin of the realm
Sucre Voluntary Disclosure Agency agreement
Uxor Somoni Relative Wage Flexibility
Passing off Registry Home Bias
Account payee Hardball Ademption
Syli Without Prejudice External Auditor

Term created / updated 2005-07-16 23:12:15

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