ASC and Taxable person: Difference between pages

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''US accounting.''  
1.  ''Tax''.


Abbreviation for Accounting Standards Codification topic, issued by the US Financial Accounting Standards Board (FASB).
A taxable person is anyone, or anything, subject to taxation under the relevant tax jurisdiction.
 
Depending on the tax jurisdiction and tax regime, taxable persons can include individuals, partnerships, companies, trusts, the estates of deceased individuals and other entities.
 
 
2.  ''UK VAT.''
 
For example, for UK 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.




== See also ==
== See also ==
* [[Accounting standards]]
* [[Company]]
* [[ASC 230]]
* [[Default surcharge]]
* [[ASC 350]]
* [[Direct tax]]
* [[ASC 842]]
* [[Estate]]
* [[Financial Accounting Standards Board]]  (FASB)
* [[His Majesty's Revenue & Customs]]  (HMRC)
* [[Indirect tax]]
* [[Jurisdiction]]
* [[Legal person]]
* [[Partnership]]
* [[Regime]]
* [[Stealth tax]]
* [[Tax]]
* [[Tax avoidance]]
* [[Tax evasion]]
* [[Tax haven]]
* [[Tax point]]
* [[Tax written down value]]
* [[Taxable transaction]]
* [[Taxpayer]]
* [[Taxpayer’s Charter]]
* [[Trust]]
* [[Trustee]]
* [[Value Added Tax]]  (VAT)


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]

Revision as of 00:09, 11 February 2024

1. Tax.

A taxable person is anyone, or anything, subject to taxation under the relevant tax jurisdiction.

Depending on the tax jurisdiction and tax regime, taxable persons can include individuals, partnerships, companies, trusts, the estates of deceased individuals and other entities.


2. UK VAT.

For example, for UK 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.


See also