Credit risk and Income Tax: Difference between pages

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#The risk that a counterparty will not settle an obligation for full value, either when due or at any time thereafter.  In exchange-for-value settlement systems, the risk is generally defined to include both replacement cost risk and principal risk.
(IT).
#A weighted measure reflecting both the maximum possible amount of the credit loss (also known as the credit exposure), and the likelihood of such loss.


1.


== See also ==
A UK tax charged on most sources of income, attributed to an individual in a given fiscal year.
* [[Banker's payment]]
 
* [[Covenant]]
UK personal Income Tax covers non-savings income, savings income and dividend income.
* [[Credit default swap]]
 
* [[Credit derivative]]
 
* [[Credit exposure]]
2.
* [[Capital risk]]
 
* [[Event risk]]
More generally, a tax on individual or corporate income.
* [[Exchange-for-value system]]
 
* [[MCT]]
For example US Federal Income Tax.
* [[Pre-settlement risk]]
* [[Price risk]]
* [[Prime bank]]
* [[Principal risk]]
* [[Replacement cost risk]]
* [[Risk mitigation]]
* [[Sovereign risk]]
* [[Putting a limit on losses]]




===Other links===
== See also ==
[http://www.treasurers.org/node/4351 Credit risk, Will Spinney, ACT 2008]
* [[Capital allowances]]
* [[Charge on income]]
* [[Chargeable income]]
* [[Corporation Tax]]
* [[Dividend]]
* [[Exempt income]]
* [[Fiscal year]]
* [[Imputation system]]
* [[Inheritance tax]]
* [[IR35]]
* [[Pay as you earn]]
* [[Personal allowance]]
* [[Sales Tax]]
* [[Wealth tax]]


[[Category:Manage_risks]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]

Revision as of 00:22, 7 December 2020

(IT).

1.

A UK tax charged on most sources of income, attributed to an individual in a given fiscal year.

UK personal Income Tax covers non-savings income, savings income and dividend income.


2.

More generally, a tax on individual or corporate income.

For example US Federal Income Tax.


See also