Risk policy and Taxable income: Difference between pages

Revision as of 11:14, 31 August 2016

1. UK Income Tax.

Taxable income is the amount of a taxpayer's net income which is subject to Income Tax, after deducting personal allowances.

2.

More generally, an amount of corporate or personal income which is subject to taxation.

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-''Risk management.''
+. ''UK Income Tax.''
-Risk policy is the documentation of an organisation's risk tolerance, risk appetite and risk budget.
-It includes predetermined actions the organisation will take, or have in reserve, to deal with the range of future situations that might arise.
+Taxable income is the amount of a taxpayer's net income which is subject to Income Tax, after deducting personal allowances.
-Risk policy should cover commercial as well as treasury approaches to exposure management.
+.
-The policy should make explicit that a risk management system has been designed to provide reasonable assurance of achieving business objectives.
+More generally, an amount of corporate or personal income which is subject to taxation.
-It should assign accountability for managing risks and reporting results on effectiveness of the system to executive management.
+==See also==
+* [[Chargeable gain]]
+* [[Corporation Tax]]
-== See also ==
+* [[Income Tax]]
-* [[Enterprise risk management]]
+* [[Loan relationship income]]
-* [[Guide to risk management]]
+* [[Net income]]
-* [[Exposure]]
+* [[Personal allowance]]
-* [[Risk appetite]]
+* [[Taxable profits]]
-* [[Risk budget]]
+* [[Taxable trading profits]]
-* [[Risk control]]
-* [[Risk tolerance]]
-* [[Senior Managers Regime]]
-[[Category:Financial_risk_management]]