A method of assessing tax chargeable on a lump sum by averaging the sum out over the years it has accrued and charging accordingly.
More example sentences
- Some of its future funding is likely to come from sponsorship fees, masterclasses, top-slicing of software-related sales and membership charges for some service areas.
- Consultants have been sent to nations including New Zealand and Ireland, where top-slicing has already been imposed on state broadcasters, to assess its effects.
- And they have found Executive ministers developing a penchant for top-slicing and ring-fencing - financial jargon which means that councillors are merely to hand out the cash according to strictly defined, centralised rules.