Business Terms and Jargon Explained

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

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   

Share Premium A.E.R Affiliate Marketing
Working Population Brainstorm Pre-emption
Ward of Court Industrial Tax Exemption Zloty
Cost Unit Metical Emolument
Donor Gearing Blue Chip
Elephant Hunt Adjourn Lord Chief Justice
Inventory Res Chambers
Transfer of Shares Contingency Username
Bequest Double Deflation Pensions Ombudsman
Franked income Foreclosure Directives - EU
Customer Account payee Term Loan
Biweekly Annuity Ex-Works
Self Assessment TQ Home Working

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 jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.

Copyright © 2004-2020 Scopulus Limited. All rights reserved.