Business Terms and Jargon Explained

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.

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EORI Write-off Obligor
Zombie Fund Adhocracy Confirmation of Verbal Agreement
Alimony Secured creditor Ringgit
Preferred stock Dumping Trojan
Price floor Income Protection Policy Injunction
Chief Rent Tynwald Grant of confirmation
Market share Deep pockets General lien
Horizontal integration Prime Minister Cuba Clause
Life Interest Domicile of choice Wholesaler
Fixed Cost Usufruct Insolvency
Txid Process Declaration of incompatibility
Ear candy Accounting method Credit Sale
Charge Chattels Quantum of damages

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

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