Tax Glossary
Welcome to the TWD Accountants Tax Glossary. To help you interpret the jargon that you can come across in dealing with your tax, our team of experts have written a brief explanation for hundreds of technical terms. Click on a letter to show entries.
General Commissioners
These are local persons appointed on a voluntary basis by the Lord Chancellor.
These are local persons appointed on a voluntary basis by the Lord Chancellor.
Gift Aid
The Gift Aid scheme covers both single donations and a series of donations including covenanted payments to charitable organisations. There is no minimum limit for gift aid payments. See Charitable Gifts Relief.
The Gift Aid scheme covers both single donations and a series of donations including covenanted payments to charitable organisations. There is no minimum limit for gift aid payments. See Charitable Gifts Relief.
Golden Handcuff
A 'golden handcuff' also known as a 'golden hello' is a term used for a lump sum payment received on taking up an employment. It is normally taxed as advanced pay for future services unless it represents compensation for loss of some right or asset on taking up the employment. You should seek professional advise if you think a payment you are about to receive is in this category.
A 'golden handcuff' also known as a 'golden hello' is a term used for a lump sum payment received on taking up an employment. It is normally taxed as advanced pay for future services unless it represents compensation for loss of some right or asset on taking up the employment. You should seek professional advise if you think a payment you are about to receive is in this category.
Golden Handshake
This is the term used for a lump sum payment received when you leave an employment. The important factor in determining whether it is taxable as employment income, is if it is a payment for services or because the job no longer exists.
This is the term used for a lump sum payment received when you leave an employment. The important factor in determining whether it is taxable as employment income, is if it is a payment for services or because the job no longer exists.
Quick Links
- Accountancy Services
- Limited Companies
- Capital Gains Tax
- About Us
- Tax Return Service
- Partnership Tax
- Our Partners
- Tax Refund Service
- Business Services
- Company Ethos
- Tax Review Service
- Useful Tax Tools
- Running Your Business
- Pricing Policy
- Tax Advice
- Understanding Tax
- Planning Your Business
- Testimonials
- Online Bookkeeping
- Glossary
- Managing Your Business
- Meet The Team
- Overseas
- Tax Tips
- Useful Numbers
- Contact Us
- Self Employed Tax
- Tax Calculators
- Business Startups
- Affiliate Scheme
- Landlords Accountancy
- Tax Q&A