Deduct from beneficiary and Default surcharge: Difference between pages

Revision as of 13:14, 23 October 2013

UK Tax.

A penalty levied on a taxable person for late delivery of a VAT Return and or late payment of VAT.

@@ Line 1: / Line 1: @@
-''Banking.''
+''UK Tax''.
-The process of deducting bank fees directly from the payment account.
+A penalty levied on a taxable person for late delivery of a VAT Return and or late payment of VAT.
-Common in some countries where a correspondent bank is used to effect a cross-border payment.
 == See also ==
-* [[Correspondent banking]]
+* [[Taxable person]]
+* [[VAT]]
+[[Category:Accounting,_tax_and_regulation]]