9 Hal Terlarang Untuk Meghan Markle Selepas Jadi Isteri Putera Harry

Rasanya tidak terlambat untuk kami ulaskan mengenai majlis perkahwinan diraja, Putera Harrydan buah hatinya, aktres Amerika Syarikat, Meghan Markle yang berlangsung di Gereja St George yang terletak di Istana Windsor England pada sabtu yang lalu. What is 'Ex Gratia Payment' An ex gratia payment is made to an individual by an organization, government, or insurer for damages or claims, but it does not require the admittance of liability by the party making the payment. An ex gratia payment is considered voluntary, as the party making the payment is not obligated to compensate the individual. In Latin, “ex gratia” means “from favor.” BREAKING DOWN 'Ex Gratia Payment' Ex gratia payments differ from legally mandated payments in that they are made voluntarily. Organizations, governments and insurers will typically provide compensation to victims only if they are legally required to do so. In the case of an insurance company, if a policyholder suffers an injury that is covered by the terms of the insurance policy, the insurer is obligated to pay. This type of payment is not voluntary. It is the result of a legal obligation, and it typically carries with it an admission of liability. In this regard, an ex gratia payment is made as a gesture of goodwill. The payment is made with respect to a specific loss or damage to property and does not carry with it any admission of liability. A company providing a one-time credit to its customers would not be considered to be making an ex gratia payment because the payment is not related to a specific loss, but a company that provides a credit after a service disruption would be considered to be making an ex gratia payment. Ex gratia payments may be used by an organization as part of a longer-term strategy of maintaining good relations with the individual receiving the payment. For example, a large retailer that is forced to reduce staff may provide a severance payment that is larger than what is legally required. The retailer may determine that this gesture of goodwill will reduce the negative publicity generated by the layoffs. Taxability of Ex Gratia Payments Ex gratia payments in the U.S. are generally subject to federal and state income taxes. However, in the U.K., ex gratia payments under £30,000 are not taxable as long as the payment is not for work that has been undertaken or services rendered; such a payment must be voluntary. According to British law, if a payment is voluntary, that makes the difference in taxability. However, ex gratia payments more than £30,000 should be reported to HM Revenue and Customs to ensure there will be no unexpected tax liabilities in the coming year. Ex gratia payments and statutory redundancy payments are tax free. Payment in lieu of notice, holiday pay and normal contractual pay are not considered ex gratia payments and are subject to taxation. Read more: Ex Gratia Payment Definition | Investopedia https://www.investopedia.com/terms/e/ex-gratia-payment.asp#ixzz5EM9TOehO Follow us: Investopedia on Facebook

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