Financial penalties applied for breaches of HMRC. HM Customs & Revenue Glossary

Financial and business terms. 2012.

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  • penalties — are not enforceable. A provision of a contract which professes to fix an amount to be paid as a penalty if it is designed to extract compensation that is greater than a genuine pre estimate of loss may be considered a penalty. Easyform Glossary… …   Law dictionary

  • penalties — ● penalty, penaltys ou penalties nom masculin (anglais penalty) Au football, sanction prise contre une équipe pour une faute commise dans sa propre surface de réparation. (Le ballon est placé à 11 m du but, dans l axe de celui ci, et le gardien… …   Encyclopédie Universelle

  • penalties — Amounts demanded by the tax authorities in excess of the tax due when certain statutory requirements have not been satisfied. The penalty regime for income tax and corporation tax differs from that for value added tax. For income tax and… …   Accounting dictionary

  • Penalties — Penalty Pe nal*ty, n.; pl. {Penalties}. [F. p[ e]nalit[ e]. See {Penal}.] 1. Penal retribution; punishment for crime or offense; the suffering in person or property which is annexed by law or judicial decision to the commission of a crime,… …   The Collaborative International Dictionary of English

  • penalties — noun A penalty shootout …   Wiktionary

  • penalties — pen·al·ty || penltɪ n. punishment; fine, punishment in the form of a financial payment …   English contemporary dictionary

  • IRS penalties — IRS penalties, as set out in the Internal Revenue Code, are imposed to enhance voluntary compliance. [Internal Revenue Service, Internal Revenue Manual , Policy P 118, IRM] There are over one hundred forty separate IRS penalty… …   Wikipedia

  • Controlled Substances Penalties Amendments Act of 1984 — The Controlled Substances Penalties Amendments Act of 1984, 98 Stat. 2068 (21 U.S.C. § 841(b)), generally enhanced the penalties for violations of the Comprehensive Drug Abuse Prevention and Control Act of 1970. The 1984 legislation… …   Wikipedia

  • Code of Offences and Penalties — The Code of Offences and Penalties (French: Code des délits et des peines) was a criminal code adopted in revolutionary France by the National Convention on 25 October 1795 (the 3rd of Brumaire of the year IV under the French Republican Calendar) …   Wikipedia

  • civil penalties — Fines or other financial payments imposed by a state or federal agency for violation of laws or regulations. Examples include fines for late payment of taxes, or penalties for failing to obtain a building permit. Category: Business, LLCs &… …   Law dictionary

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