GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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09:58 Nov 4, 2003 |
German to English translations [PRO] Bus/Financial | |||||||
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| Selected response from: Robert Schlarb Local time: 20:07 | ||||||
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Summary of answers provided | ||||
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4 | Lump-sum P.A.Y.E. payment |
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4 | flat rate |
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4 | lump sum tax payment |
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Lump-sum P.A.Y.E. payment Explanation: PAYE = pay-as-you-earn in the UK. Previously known as 'The Lump' in the Brit. building trade until the Inland Revenue cracked down on 'fly-by-night' builders and bricklayers who never showed up on the site payroll. UK Income & Corporation Taxes Act 1988 |
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flat rate Explanation: or estimated: I believe it refers to a "stadard rate" of tax charged, for instance when exact figures are not available to calculate the "correct" level. |
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lump sum tax payment Explanation: With Counsel above, yet this is probably not a case of pay as you earn (by British or any other definition). "Lump sum" usually works for pauschalisierung, whereby you might consider a verbal construction: The option of paying a lump sum tax fee is chosen in this case... |
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