Synonyms and antonyms of Relating to tax and taxation in British Thesaurus

1099 (noun)

in the US, a document you send to the IRS (=the US tax department) that gives details of money that you have earned during the year other than your salary

after tax ()

an amount of money after tax is the amount that is left after you have paid tax on it

allowance (noun)

British an amount of money that you are officially allowed to earn without having to pay tax on it

audit (noun)

business an official examination of the financial records of a company, organization, or person to see that they are accurate

audit (verb)

to officially examine the financial records of a company, organization, or person to see that they are accurate

basic (adjective)

the basic rate of tax is the one that most people pay and is less than the rate paid by people who earn a lot of money

before tax ()

an amount of money before tax is the amount that you earn or receive before you have paid tax on it

the Boston Tea Party ()

a protest held in the US city of Boston in 1773. Americans threw boxes of tea from British ships into the sea to show the British government that they did not want to pay tax on the tea. The protest was one of the events that led to the American War of Independence.

Chancellor of the Exchequer (noun)

the member of the British government who is responsible for taxes and for deciding how the government spends its money

chargeable (adjective)

formal if income or property is chargeable, you must pay tax on it

clawback (noun)

British money that a government or company gets again after losing it, for example by making people pay higher taxes or charging higher prices

claw back ()

if a government or company claws back money after losing it, it gets it again, for example by making people pay higher taxes or charging higher prices

customs (noun)

economics a government department that collects taxes on goods that people bring into a country

Customs and Excise (noun)

the former name for the British government department responsible for collecting taxes on goods that are bought or sold or brought into the country. It became part of HMRC in 2005, but people still use the old name in unofficial contexts.

declare (verb)

to state officially how much you have earned or how much property you own so that you can pay the correct amount of tax

declare (verb)

to state officially that you have brought goods into a country so that you can pay the correct amount of tax

deductible (adjective)

taken away from the total amount of money on which you pay tax

delinquent (adjective)

legalAmerican a delinquent account or tax bill has not been paid on time

dutiable (adjective)

dutiable goods must have tax paid on them, especially when they are brought into a country

duty-free (adjective)

duty-free goods are cheaper than the usual price because you do not pay any tax on them

duty-free (noun)

British a system of buying or selling goods at a cheaper price than usual in particular places such as airports, because there is no tax to pay on them

duty-free (noun)

goods such as cigarettes and alcohol that you buy without paying tax on them

fiscal (adjective)

economics relating to money and financial matters, especially taxes

free port (noun)

a port or airport where no tax is paid on goods that are delivered because they are then going to be sent to other countries

free zone (noun)

an area at a port or in a city where goods can be received or stored without tax having to be paid

green channel (noun)

the way through customs for people who are not bringing goods into the country on which they have to pay tax

gross (adjective)

a gross amount of money is the total amount before taxes or costs have been taken out

gross (adverb)

earned before anything such as taxes or costs have been taken out

HMRC (abbreviation)

Her Majesty’s Revenue and Customs: the British government department responsible for taxation. It collects both direct taxes (such as income tax and corporation tax) and indirect taxes (such as VAT).

the Inland Revenue ()

the former name for the British government department responsible for collecting taxes. It became part of HMRC in 2005, but people still use the old name in unofficial contexts.

inspector of taxes (noun)

British a government official whose job is to calculate and collect taxes

interim (adjective)

business calculated or paid before the end of a financial year

the Internal Revenue Service ()

the IRS

the IRS ()

the Internal Revenue Service: the US government department that collects taxes

Lady Godiva ()

a woman who rode with no clothes on through an English town in the 11th century as a protest against high taxes

levy (noun)

an amount of money that you have to pay, for example as a tax

levy (verb)

to officially request payment of a tax

net (adjective)

a net amount of money is the total amount after taxes or costs have been removed

net (adverb)

after everything such as taxes or costs have been removed

nett ()

a British spelling of net

overtax (verb)

to make someone pay more tax than is fair

P45 (noun)

in the UK, an official document from a company that shows that you have stopped working for them and gives details of how much tax you have paid

PAYE ()

pay as you earn: a system in the UK in which tax is taken from your salary before you get it

personal allowance (noun)

British an amount of money that you can earn each year before you have to start paying tax on your income

pre-tax (adjective)

used for describing an amount of money before taxes are taken out

profit (noun)

business money that you make by selling something or from your business, especially the money that remains after you have paid all your business costs. Your total profit before you pay tax is called gross profit, and the amount that remains after you have paid tax on this is called net profit

protect (verb)

economics to help industries in your country by putting taxes on goods from other countries

protectionism (noun)

a system in which a country helps its own industries by putting taxes on foreign goods

raise taxes ()

if a government or other authority raises tax or taxes, it gets money by making people pay a tax to them

ratepayer (noun)

someone who had to pay rates (=local taxes) in the UK before 1990

relief (noun)

the right not to have to pay the full amount of tax or interest on an amount of money

return (noun)

an official form that you must fill out, especially one involving taxes

self-assessment (noun)

British when someone who is (=self-employed) works out how much tax to pay the government

set against (business)

businessBritish to state officially that an amount of money is a cost to your business in order to pay less tax

stoppages (noun)

British money taken for tax, pension etc before you receive your salary

supply-side economics (noun)

economic policies that involve reducing taxes in order to encourage people to invest more money

take-home pay (noun)

the amount of pay that you receive after taxes and other amounts have been taken away

tax (noun)

an amount of money that you have to pay to the government that it uses to provide public services and pay for government institutions. There are several different types of tax, for example income tax that is paid on your income, or a duty that is paid on goods that you buy or sell

tax (verb)

economics to get money for public services and other government institutions by putting a tax on something

tax (verb)

to get money by making someone pay a tax

taxable (adjective)

taxable money that you earn or receive is money that you have to pay tax on

tax avoidance (noun)

the use of legal ways to pay less tax

tax bracket (noun)

a particular range of incomes that are taxed at the same rate

tax break (noun)

informal a reduction in the tax that you must pay

tax-deductible (adjective)

tax-deductible costs can be taken away from your total income before you pay tax on what remains

tax-deferred (adjective)

American taxed at a later time

tax disc (noun)

British a small round piece of paper on your car that shows you have paid road tax

tax dodge (noun)

informal a legal way of paying less tax

tax evasion (noun)

the use of illegal methods to pay less tax or to pay no tax at all

tax-exempt (adjective)

if something is tax-exempt, you do not have to pay tax on it

tax-exempt (adjective)

a person or organization that is tax-exempt does not have to pay tax

tax exile (noun)

someone who lives in another country to avoid paying tax in their own country

tax-free (adjective)

if something is tax-free, you do not pay tax on it

tax haven (noun)

a place where people go to live, or where they keep their money, so that they do not have to pay higher taxes in their home country

tax inspector (noun)

British a government worker whose job is to check that people or companies are paying the right amount of tax

tax inversion (noun)

British a way of paying less tax that involves moving the headquarters of a business to a country with lower tax rates than the one where it does most of its business, or an example of this

taxman (noun)

someone whose job is to collect taxes

taxpayer (noun)

someone who pays tax, especially tax on income

tax relief (noun)

a reduction in tax that you are allowed for a particular reason

tax return (noun)

an official document on which you give details of your income so that the government can calculate the amount of tax that you have to pay

tax shelter (noun)

somewhere you can invest your money without having to pay tax on the profits

tax year (noun)

a period of 12 months that is used for calculating taxes

threshold (noun)

a limit at which an arrangement changes. For example a tax threshold is the level of income or profit at which you start to pay a tax

transfer pricing (noun)

the practice of setting up companies in tax havens and channelling profits from business elsewhere into them, thus avoiding paying tax on the profits

undeclared (adjective)

used about income that you do not tell the tax authorities about

write off ()

to reduce the value of something that you or your business owns to avoid paying too much tax on it

zero-rated (adjective)

British goods or services that are zero-rated do not have the tax called VAT added to them