Business Terms and Jargon Explained

What is Exempt Supply

Tax Definition:-

A supply for which no tax is payable and in respect of which Input tax cannot be claimed.

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

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ATM Authentication Indirect Costs
Helicopter View Liquidity RTGS
LIBO Bad debt Two-comma
Gross Taxing authority Gold fix
Closed Economy Legal Services Ombudsman AIM shares
Peripheral Guarantor Alimony
Institutional Unit Above-board Macro Virus
Break up value Blue Sky Thinking Excise Warehouse
Forward Rate Autoregressive Charitable Trust
UK Warrant of distress Licensed Premises
Consultancy agreement Complaint Advanced fee fraud
BotNet Activities of daily living (ADL) HMSO
Loading Pass Prime costs Petitioner

Term created / updated 2006-11-30 12:28:32

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