Cheque truncation and Claimant company: Difference between pages

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''Banking''.
In the context of UK group tax relief, the company which obtains the benefit of the relief from another group company (the surrendering company) under group relief provisions.


The process by which essential information contained on a conventional paper cheque is captured electronically and the electronic information, not the paper cheque, is sent through the clearing system.
== See also ==
* [[Group relief]]


== See also ==
* [[Cheque]]
* [[Cheque imaging]]
* [[Clearing for the 21st Century Act]]
* [[Clearing system]]
* [[Truncation]]

Revision as of 14:17, 23 October 2012

In the context of UK group tax relief, the company which obtains the benefit of the relief from another group company (the surrendering company) under group relief provisions.

See also