A method of assessing tax chargeable on a lump sum by averaging the sum out over the years it has accrued and charging accordingly.
- 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.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.