unit 3 topic 10 Flashcards
1
Q
compliance
A
abiding by a set of rules - business has to abide by these rules, laws, regulations and industry standards to be legal
2
Q
financial transactions
A
agreement between buyer and seller to exchange goods for payment
3
Q
HM revenue and customs
A
national taxing authority for UK - collects all direct and indirect taxes and administers benefits and tax credit payments to residents
