GLAC and Income Tax: Difference between pages

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Gone-concern Loss Absorbing Capacity.
(IT).


Usage continues to develop in this field of bank recovery and resolution and the acronym is sometimes GCLAC that might be seen as "Gone Concern Loss Absorbing Capacity".
1.  


GLAC focuses on the loss absorbing capacity of bail-in-able debt to replenish equity.
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.


== See also ==


*[[Capital adequacy]]
2.
*[[Loss absorbing capacity]]
 
*[[Primary Loss Absorbing Capital]]  (PLAC)
More generally, a tax on individual or corporate income.
 
For example US Federal Income Tax.


*[[SLAC]]


*[[Gone concern]]
== See also ==
* [[Bailin]]
* [[Capital allowances]]
* [[Charge on income]]
* [[Chargeable income]]
* [[Corporation Tax]]
* [[Direct tax]]
* [[Dividend]]
* [[Exempt income]]
* [[Fiscal year]]
* [[Her Majesty’s Revenue & Customs]]
* [[Imputation system]]
* [[Indirect tax]]
* [[Inheritance tax]]
* [[IR35]]
* [[National Insurance]]
* [[Pay as you earn]]
* [[Personal allowance]]
* [[Sales Tax]]
* [[Wealth tax]]


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

Revision as of 00:52, 16 January 2021

(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