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t. e. Business rates in England, or non-domestic rates, are a tax on the occupation of non-domestic property ( National Non-Domestic Rates; NNDR ). Rates are a property tax with ancient roots [ 1] that was formerly used to fund local services that was formalised with the Vagabonds Act 1572 and superseded by the Poor Relief Act 1601.
Rental income of persons with CCA: 153.80 Corporate profits with IVA and CCA : 1,021.10 Net interest and miscellaneous payments: 543.00 Taxes on production and imports: 798.10 Less: subsidies: −46.70 Business current transfer payments (net) 77.70 Current surplus of government enterprises: 9.50 Equals: national income (NI) 9,679.60 ...
t. e. An invoice, bill or tab is a commercial document issued by a seller to a buyer relating to a sale transaction and indicating the products, quantities, and agreed-upon prices for products or services the seller had provided the buyer. [ 1]
A gross receipts tax or gross excise tax is a tax on the total gross revenues of a company, regardless of their source. A gross receipts tax is often compared to a sales tax; the difference is that a gross receipts tax is levied upon the seller of goods or services, while a sales tax is nominally levied upon the buyer (although both are usually ...
A balance sheet summarizes an organization's or individual's assets, equity and liabilities at a specific point in time. Two forms of balance sheet exist. They are the report form and account form. Individuals and small businesses tend to have simple balance sheets. [ 5] Larger businesses tend to have more complex balance sheets, and these are ...
e. In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. [ 1] Commercial revenue may also be referred to as sales or as turnover. Some companies receive revenue from interest, royalties, or other fees. [ 2] ". Revenue" may refer to income in general ...
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