standard rate

standard rate1. The rate of value added tax applied to all items sold by taxable persons that are not specified as either exempt supplies, zero-rated goods and services, or taxable at a special rate. The rate for 2016–17 is 20%. standard rate of pay A predetermined rate of pay set for each classification of labour for a period. These rates are compared with the actual rates paid during the period in order to establish direct labour rate of pay variances in a system of standard costing.

• credit brokerage
• credit call
• credit card
• credit control
• credit crunch
• credit enhancement
• credit guarantee
• creditor
• creditors’ committee
• creditors’ ledger
• creditors’ voluntary liquidation
• creditor–days ratio
• credit risk
• credit squeeze
• credit transfer
• creditworthiness
• creeping takeover
• CREST
• critical event
• critical management studies
• critical mass
• critical-path analysis
• critical success factors
• CRM system
• crore