单词 | deduction of tax at source |
释义 | deduction of tax at sourcededuction of tax at sourcethe process whereby the payer of, e.g. interest, deducts income tax at the basic rate from the payment and accounts for it to the HM Revenue and Customs. It can be compared with the system of Pay-As-You-Earn (PAYE), whereby employers are required to deduct income tax from payments of wages or salaries. |
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