National Economic Crime Centre and Net interest: Difference between pages

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''Economic crime - UK.''
1.  


(NECC).
''Tax.''


The NECC was established in 2018 to coordinate and task the UK’s response to economic crime, harnessing intelligence and capabilities from across the public and private sectors to tackle economic crime in the most effective way.  
Interest stated after offsetting tax effects, if any.


It aims to jointly identify and prioritise the most appropriate type of investigations, whether criminal, civil or regulatory to ensure maximum impact across all agencies to tackle the illicit finance that funds and enables all forms of serious and organised crime.  
In this sense, ''net interest receivable'' means interest receivable stated after deducting any tax payable thereon.


In this context, ''net interest payable'' means interest payable stated after offsetting any tax relief enjoyed on the interest expense.


The NECC incorporates the UK's Joint Money Laundering Intelligence Taskforce.


2.


== See also ==
Interest (usually) payable, stated after deducting other offsetting interest (usually) receivable in the same period.
* [[Anti money laundering]]
* [[Countering the financing of terrorism]]  (CFT)
* [[European Economic Area]]
* [[4MLD]]
* [[Financial Action Task Force]]
* [[Integration]]
* [[Joint Money Laundering Intelligence Taskforce]]
* [[Joint Money Laundering Steering Group]]
* [[Know-your-customer]]
* [[Layering]]
* [[MLRO]]
* [[Money laundering]]
* [[National Crime Agency]]  (NCA)
* [[Placement]]
* [[Smurfing]]
* [[TF]]
* [[USA PATRIOT Act]]




== Other resource==
== See also ==
 
* [[Gross interest]]
[[Media:2015_03_Mar_-_Squeaky_clean.pdf| Squeaky Clean, The Treasurer, 2015]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]

Revision as of 15:41, 21 August 2013

1.

Tax.

Interest stated after offsetting tax effects, if any.

In this sense, net interest receivable means interest receivable stated after deducting any tax payable thereon.

In this context, net interest payable means interest payable stated after offsetting any tax relief enjoyed on the interest expense.


2.

Interest (usually) payable, stated after deducting other offsetting interest (usually) receivable in the same period.


See also

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