Default surcharge and Opex: Difference between pages

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imported>Doug Williamson
(Create the page. Source: The Treasurer, September 2016, p21.)
 
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''UK tax''.
'''Op'''erating '''Ex'''penditure.


A penalty levied on a taxable person for late delivery of a VAT return and or late payment of VAT.
Opex is expenditure on items which are consumed, or whose benefits are otherwise enjoyed, in the short term, generally within the current financial reporting period.
 
Opex is contrasted with capital expenditure ('capex').




== See also ==
== See also ==
* [[Surcharge]]
* [[Capitalise]]
* [[Taxable person]]
* [[Capital expenditure]]
* [[VAT]]
* [[Expenditure]]
* [[VAT return]]
* [[Revenue expenditure]]
 
[[Category:Accounting,_tax_and_regulation]]

Revision as of 15:11, 6 September 2016

Operating Expenditure.

Opex is expenditure on items which are consumed, or whose benefits are otherwise enjoyed, in the short term, generally within the current financial reporting period.

Opex is contrasted with capital expenditure ('capex').


See also