Option to tax and Probability of Default: Difference between pages

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imported>Doug Williamson
(Clarify that Option to tax relates to land and buildings. Source: http://www.hmrc.gov.uk/manuals/vatlpmanual/VATLP22590.htm)
 
imported>Doug Williamson
(Amend link.)
 
Line 1: Line 1:
''VAT.''
(PD).


Turns an exempt supply relating to land or buildings into a standard rated supply for UK VAT purposes.
Probability of Default means an assessment of the probability that the counterparty to a loan will default within a specified timeframe, usually one year.




== See also ==
== See also ==
* [[Exempt]]
* [[Standard rated]]
* [[VAT]]


[[Category:Accounting,_tax_and_regulation]]
* [[Credit rating]]
* [[Default]]
* [[Expected Loss]]
* [[Exposure At Default]]
* [[IRB]]
* [[Loss Given Default]]

Revision as of 16:17, 12 November 2016

(PD).

Probability of Default means an assessment of the probability that the counterparty to a loan will default within a specified timeframe, usually one year.


See also