Business terms and jargon explained. Your business dictionary

What is Mitigation

Tax - Legal Definition:-

The reduction of a penalty by HM Customs and Excise or the VAT and Duties Tribunal. Applies only to certain types of civil penalties. For example, misdeclaration penalty and belated notification penalty.

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   

County Court Judgement Pensions Ombudsman Gross value added - GVA Age Relief
Colon - Costa Dissolution NGO Direct tax
EMEAR Power of Attorney Payout Period Intrastat
Dead Wood Western Union Utilities Company SEED
Nontrade receivables Title Lobbyist TANGO
Junior debt Building Society Standing Order Gain Traction
Headhunter Alternative investment Bare trust Leave of the court
Instalment Materiality Leu Community Acquis
Audit User Group ActiveX Bounced cheque
Darknet Bad Debt Relief Appellant Oxygen-move

Term created / updated 2006-11-14 13:45:55

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.