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Payroll Giving, Workplace Giving or Give As You Earn (GAYE) is a scheme for UK taxpayers to donate money to UK Registered Charities. [1]Introduced in 1987, Payroll Giving allows employees to make donations to the UK registered charity of their choice directly from their gross pay, with no tax deduction for the charity to claim back.
A U-bolt is a bolt in the shape of the letter U with screw threads on both ends. U-bolts have primarily been used to support pipework. Because of this, U-bolt sizes are given in pipe measurements. A U-bolt is described by the size of pipe it is supporting. For example, a 40 Nominal Bore U-bolt would be asked for by pipe work engineers, and only ...
A tax-free shopping retailer. Tax-free shopping (TFS) is the buying of goods in another country or state and obtaining a refund of the sales tax which has been collected by the retailer on those goods. [1] The sales tax may be variously described as a sales tax, goods and services tax (GST), value added tax (VAT), or consumption tax.
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A closeout or clearance sale (also called a closing down sale in the United Kingdom [1]) is a discount sale of inventory either by retail or wholesale. It may be that a product is not selling well, or that the retailer is closing because of relocation, a fire (a fire sale ), over-ordering, or especially because of bankruptcy . [ 2 ]
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Gift Aid allows individuals who are subject to UK income tax to complete a simple, short declaration that they are a UK taxpayer. Any cash donations that the taxpayer makes to the charity after making a declaration are treated as being made after deduction of income tax at the basic rate (20% in 2011), and the charity can reclaim the basic rate income tax paid on the gift from HMRC.
Shoulder bolt or stripper bolt - Bolt with a broad smooth shank and small threaded section at the end used as a pivot pin or attachment point. U-bolt - Bolt shaped like the letter U where the two straight sections are threaded. A straight metal plate with two bolt holes is used with nuts to hold pipes or other round objects to the U-bolt.