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business
taxation chpt12
| Term | Definition |
|---|---|
| Direct tax | taxes on income |
| Indirect tax | taxes on expenditure |
| PAYE | pay as you earn |
| PRSI | pay related social insurance |
| USC | universal social charge |
| FEMPI | temporary tax on public service workers |
| CAT | capital acquisitions tax. gift and inheritance tax |
| VAT | value added tax |
| PPSN | personal public service number |
| Corpotation tax | tax on business profits |
| CGT | capital gains tax. tax on profit you make from the sale of assets |
| Customs duty | to tax goods from outside the eu |
| Excise duty | tax on cigarettes/tobacco, alcohol, petrol |
| NCT fee + | car testing fee / government charge |
| LPT | local property tax. owners of property pay it each year based on the value of their house |
| Stamp duty | is charged on property when you buy it |
| Emergency tax | tax you are put on when you first start working. the rate is very high to make you register |
| Preliminary tax | |
| Progressive tax | |
| Tax avoidance | |
| Tax evasion | |
| Tax credit | |
| Tax | |
| DIRT | deposit interest retention tax 39% of interest you earn is taken |
Created by:
kaedoyle
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