Global Master Repurchase Agreement and Pay as you earn: Difference between pages

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imported>Doug Williamson
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imported>Doug Williamson
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(GMRA).
''UK tax.''


A framework agreement between the two parties to a repurchase agreement (repo), containing standard contractual provisions to apply to all the repo trades they enter into.
(PAYE).  


The GMRA saves the need to agree these contractual provisions every time a trade is transacted.
The system used in the UK to collect income tax and national insurance contributions from employees.
 
Income tax and national insurance, plus other items such as student loan repayments and pension contributions, are deducted from wages and salaries by the employer, throughout the tax year.




== See also ==
== See also ==
* [[Repurchase agreement]]
* [[Income Tax]]
 
* [[National Insurance]]
== References ==
1. http://tiny.cc/fqqhow


2. http://www.icmagroup.org/Regulatory-Policy-and-Market-Practice/short-term-markets/Repo-Markets/frequently-asked-questions-on-repo/19-what-is-the-gmra/
[[Category:Accounting,_tax_and_regulation]]

Revision as of 12:48, 7 November 2018

UK tax.

(PAYE).

The system used in the UK to collect income tax and national insurance contributions from employees.

Income tax and national insurance, plus other items such as student loan repayments and pension contributions, are deducted from wages and salaries by the employer, throughout the tax year.


See also

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