An account in the books of an organisation in which items are entered temporarily before allocation to the correct or final account.
The arrangement of an individual's financial affairs to minimize tax liability within the law.
The illegal non-payment or underpayment of tax.
The analysis of a financial situation or plan from a tax perspective, to ensure tax efficiency.
The date on which value added tax becomes chargeable on a transaction.
Remission of a proportion of income tax normally due on earned income.
A series of values of a quantity obtained at successive times, often with equal intervals between them.
A discount on the retail price of something allowed or agreed between traders or to a retailer by a wholesaler.
A company’s average payable period that measures how long it takes a company to pay its invoices from trade creditors.
Refers to income from a trade, like plumbing or building, and also income from a profession or vocation.