Duty: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Create the page. Source: ACT Glossary of Terms)
 
imported>Doug Williamson
(Add link.)
 
(11 intermediate revisions by the same user not shown)
Line 1: Line 1:
1. ''Tax.''
A tax levied on certain transactions rather than on profits or on income.
A tax levied on certain transactions rather than on profits or on income.


Duties include: import duties, excise duties, stamp duty and stamp duty land tax.
Duties include: import duties, excise duties, stamp duty and stamp duty land tax.
2. ''Law and ethics.''
A legal or moral obligation or responsibility.
For example, ''stewardship'' is the fundamental fiduciary duty of company directors, to safeguard and administer the property belonging to a company, on behalf of its shareholders.
3. ''Contract law - employment.''
Tasks or responsibilities that a contracting party or an employee undertakes as part of their employment or other contractual engagement.
:<span style="color:#4B0082">'''''Syndicated loans - agents'''''</span>
:"An agent is usually appointed from amongst the banks to manage the drawdown, interest calculation, and repayment process and will require an annual fee to perform this duty."
:''Bank facility - the Treasurer's Wiki.''




==See also==
==See also==
* [[Ad valorem]]
* [[Agent]]
* [[Bank facility]]
* [[Capital duty]]
* [[Company]]
* [[Contractor]]
* [[Customs duty]]
* [[Director]]
* [[Directors' duties]]
* [[Double duty]]
* [[Duty of care]]
* [[Employee]]
* [[European Customs Union]]
* [[Excise duty]]
* [[Fiduciary duty]]
* [[Fixed duty]]
* [[Levy]]
* [[Segregation of duties]]
* [[Shareholders]]
* [[Smuggling]]
* [[Stamp duty]]
* [[Stamp duty]]
* [[Stamp duty land tax]]
* [[Stamp duty land tax]]
* [[Stamp duty reserve tax]]
* [[Stewardship]]
* [[Statutory duty]]
* [[Surcharge]]
* [[Tariff]]
* [[Tax]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Ethics]]

Latest revision as of 07:27, 4 May 2022

1. Tax.

A tax levied on certain transactions rather than on profits or on income.

Duties include: import duties, excise duties, stamp duty and stamp duty land tax.


2. Law and ethics.

A legal or moral obligation or responsibility.

For example, stewardship is the fundamental fiduciary duty of company directors, to safeguard and administer the property belonging to a company, on behalf of its shareholders.


3. Contract law - employment.

Tasks or responsibilities that a contracting party or an employee undertakes as part of their employment or other contractual engagement.


Syndicated loans - agents
"An agent is usually appointed from amongst the banks to manage the drawdown, interest calculation, and repayment process and will require an annual fee to perform this duty."
Bank facility - the Treasurer's Wiki.


See also