profit related pay

profit related pay
Under Chapter III of Part V of the Income and Corporation Taxes Act 1988, companies which allocate part of their profit of payment to their employees (as a whole) can qualify for tax relief – the additional income by employees is tax free.

Easyform Glossary of Law Terms. — UK law terms.

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  • profit-related pay — PRP 1) The situation in which the pay of employees is related to the profit made by the employer. The purpose is to increase motivation, commitment, and effort by the workforce by ensuring that all staff have a positive stake in the commercial… …   Big dictionary of business and management

  • profit-related pay — PRP A former UK scheme enabling employees to be paid part of their salary tax free; it was phased out in 2000–01. Payments to employees under a registered scheme could be tax free up to the maximum for the year; for profit periods beginning in… …   Accounting dictionary

  • profit-sharing scheme — A scheme by which employees share in the profits of a business, usually through some type of share ownership. See employee share ownership plan; employee share ownership trust; savings related share option scheme; share option See also gain… …   Big dictionary of business and management

  • Profit (economics) — In economics, the term profit has two related but distinct meanings. Normal profit represents the total opportunity costs (both explicit and implicit) of a venture to an entrepreneur or investor, whilst economic profit (also abnormal, pure,… …   Wikipedia

  • pay — ▪ I. pay pay 1 [peɪ] noun [uncountable] the money someone receives for the job they do: • She got the job, but it meant a big pay cut. • an increase in hourly pay • All I want is a full day s work for a full day s pay …   Financial and business terms

  • pay — I noun allowance, award, compensation, consideration, defrayal, defrayment, earnings, emolument, fee, grant, hire, income, indemnity, meed, merces, monetary return, payment, perquisite, profit, reckoning, recompense, reimbursement, remittance,… …   Law dictionary

  • pay off — verb 1. yield a profit or result (Freq. 4) His efforts finally paid off • Hypernyms: ↑yield, ↑pay, ↑bear • Verb Frames: Something s 2. eliminate by paying off ( …   Useful english dictionary

  • Pay per click — Internet marketing Display advertising Email marketing E mail marketing software Interactive advertising …   Wikipedia

  • pay — Synonyms and related words: accomplish, achieve, advantage, afford, angel, answer, attend to, avail, back, bankroll, base pay, be exposed to, be gainful, be had, be handy, be of use, be profitable, be subjected to, be worthwhile, benefit, bestead …   Moby Thesaurus

  • pay off — Synonyms and related words: advantage, afford, amortize, answer, approach, avail, be gainful, be handy, be of use, be profitable, be worthwhile, bear away, bear off, benefit, bestead, bribe, bring in, buy, buy off, clear, compensate, corrupt,… …   Moby Thesaurus

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