Limited Price Indexation and Taxable person: Difference between pages

Revision as of 15:28, 28 September 2022

UK VAT.

For VAT purposes, a taxable person is someone who is, or is required to be, registered for VAT.

A 'person' for these purposes is widely defined and may include individuals, partnerships, companies or another corporate bodies.

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-(LPI).
+''UK VAT.''
-''Pensions''.
+For VAT purposes, a taxable person is someone who is, or is required to be, registered for VAT.
-The minimum annual rate of indexation which must be applied in the UK to employee pensions in payment or deferred pensions, where they relate to employment after 5 April 1997.
-LPI is the lesser of the actual rate of inflation and either 5% or 2.5% depending on (1) the date when the pension entitlement was accrued and (2) whether the pension is in payment or deferred.
+A 'person' for these purposes is widely defined and may include individuals, partnerships, companies or another corporate bodies.
-However, UK pension schemes can make increases in pension payments over and above LPI if they wish and if their scheme rules allow it.
 == See also ==
-* [[Price indexation]]
+* [[Default surcharge]]
-* [[Retail Prices Index]]
+* [[His Majesty's Revenue & Customs]]  (HMRC)
-* [[Consumer Prices Index]]
+* [[Tax avoidance]]
+* [[Tax evasion]]
+* [[Tax haven]]
+* [[Tax point]]
+* [[Tax written down value]]
+* [[Taxable transaction]]
+* [[Taxpayer]]
+* [[Taxpayer’s Charter]]
+* [[Value Added Tax]]  (VAT)
-[[Category:Manage_risks]]
+[[Category:Accounting,_tax_and_regulation]]