单词 | tax credit |
释义 | tax credit 1) The tax allowance associated with the dividend paid by a company. The shareholder is given allowance for the tax paid at source by the tax credit, at the same rate, 10/90; i.e. a dividend of £90 received by the shareholder has an associated tax credit of £10. For those whose total taxable income does not exceed £31,400 there is no further tax to pay. For those whose income is higher, the excess amount is chargeable at a rate of 32.5%. 2) Any allowance or payment that can be offset against a tax liability. In the UK such allowances now include income-related benefits for families with children under 16. Compare: |
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