Term of the day
European Central Bank ECB
The European Central Bank was formed in June 1998 giving it a few months to prepare for the beginning of the launch of the euro as a replacement currency for the original group of 11 participating countries in Europe. The euro was launched in January 1999 as an electronic means of payment. Banknotes and coins came into circulation in 2002. The euro is now used by 18 of the 28 member states of the European Union.
The ECB's institutional framework is the European System of Central Banks which...
Tax
- Value added tax VATVAT is a tax on consumer expenditure and imports into the UK. 'Output' VAT on standard-rated supplies of goods and services is charged at...
- capital gains tax CGT
- disclosure of tax avoidance schemes DoTAS
- VAT cash accounting
- stamp duty and stamp duty land tax
- national insurance
- lifetime allowance
- corporation tax
- individual savings account ISA
- inheritance tax
- inheritance tax and trusts
- capital allowances for motor vehicles
- pre-tax profit
- capital allowances
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UK Budget
- income taxIncome tax is a tax on the earned and unearned income of individuals and trusts. Income includes earnings from employment, profits from a...
- lifetime allowance
- capital allowances
- capital gains tax CGT
- corporation tax
- disclosure of tax avoidance schemes DoTAS
- individual savings account ISA
- inheritance tax and trusts
- national insurance
- stamp duty and stamp duty land tax
- Value added tax VAT
- inheritance tax
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UK Budget glossary
- air passenger dutyAir Passenger Duty (APD) is a per passenger charge on air travel from UK airports (other than the Scottish Highlands and Islands and long...
- aggregates levy
- automatic enrolment into pension schemes
- business premises renovation allowance
- bank levy
- capital allowances for enterprise zones
- capital gains tax CGT
- common consolidated corporate tax base CCCTB
- corporate tax road map
- community investment tax relief
- cross-border loss relief
- controlled foreign companies
- enhanced capital allowances ECA
- enterprise investment scheme
- enterprise management incentives
- furnished holiday lettings
- Her Majesty's Revenue & Customs
- insurance premium tax
- International Financial Reporting Standards IFRS
- IR 35
- junior ISA
- landfill tax
- managed service companies
- NEST
- patent box
- pay as you earn PAYE
- pre-owned assets
- real time information
- seed enterprise investment scheme
- transfer pricing
- VAT annual accounting
- VAT cash accounting
- VAT flat rate scheme
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