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   

Kopek Voluntary Liquidation Advocate
Balance Sheet Budget account Quorum
Annual bonus N9C Civil Court form Audit
Exhibit Contributions Agency Contingent liabilities
Optimist Capped Rate Floatation
Associated company Discount allowed Informant
Passing off KYC Lilangeni
Planchet Negotiation Peer
Charity MINT Automatic Stabilisers
Profit Center Som Eurobond
Financial Ombudsman Service To adduce Acquiree
Bubble Alias Jury
N218 Civil Court form Stock losses Vertically integrated

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 © 2004-2019 Scopulus Limited. All rights reserved.