Default surcharge and Netting centre: Difference between pages

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''UK Tax''.
An essential part of a multilateral netting system.
A penalty levied on a taxable person for late delivery of a Return and or late payment of VAT.
 
The netting centre acts as a counterparty to all of the participants in the multilateral netting system.
 
In a group of companies, the netting centre is usually operated by the central or regional treasury centre.
 
 
The netting centre typically handles all foreign exchange exposures as well as foreign exchange trading.
 


== See also ==
== See also ==
* [[Taxable person]]
* [[Counterparty]]
* [[VAT]]
* [[Multilateral netting]]
* [[Multilateral net settlement system]]
 
* [[Netting]]
* [[Payments and payment systems]]

Revision as of 08:16, 24 May 2015

An essential part of a multilateral netting system.

The netting centre acts as a counterparty to all of the participants in the multilateral netting system.

In a group of companies, the netting centre is usually operated by the central or regional treasury centre.


The netting centre typically handles all foreign exchange exposures as well as foreign exchange trading.


See also