Back Duty: Definition and additional resources from BNET
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BNET Business Dictionary

Business Definition for: Back Duty

  • tax relating to a past period that has not been paid because of the taxpayer's failure to disclose relevant information through negligence or fraud. If back duty is found to be payable, the relevant authorities may instigate an investigation and penalties or interest may be charged on the amount.

Additional Resources

Pool-Duty Survival Kit
"Be sure to bring water with you," my colleague Bob Deans of Cox Newspapers said to me with a stricken look on his face. He had just gotten back from a 12-hour "pool duty" during the G8 summit in Canada last week. I was up next and he was giving...
Tags: Air Force, Canada, president, TVs, White House
Research articles 2002-07-03
Just under Three in Five Americans Believe Juries Can Be Fair and Impartial All or Most of the Time
Plurality of Americans have Attended Jury Duty and One-Quarter Have Served on a Jury ROCHESTER, N.Y. -- One of the civil duties many people dread, or try to get out of, is jury duty. And many do seem to get out of it - while two-thirds (65%) of Americans...
Tags: Harris Interactive, MARKETING, survey
Research articles 2008-01-21
Heavy duty helping.(Industry News)(Heavy Duty Helping is a charitable endeavor sponsored by Milwaukee Electric Tool Corp.)(Brief Article)
Milwaukee Electric Tool Corp., Brookfield, Wis., introduced "Heavy Duty Helping," an ongoing charitable endeavor designed to give tradespeople an opportunity to give back to the communities in which they live and work. Heavy Duty Helping will generate both volunteers and financial support for Habitat for Humanity...
Tags: endeavor, FINANCE, Milwaukee, NFL
Research articles 2003-09-01
Light Duty, Limited Duty Or Modified Duty Assignments
This article is about temporary modifications that are called "light duty, limited duty, or modified duty" assignments. Temporary restructuring may include modification of essential or non-essential functions of the job, limitation of working hours, changes in working conditions, or physical modification of the work place. Departments are encouraged to have...
Tags: Duty, Crain Communications Inc., Recruitment & Selection, Human Resources, Workforce Management
White papers 2003-01-01
MPs fight to save duty-frees
A last ditch battle to save duty-frees in Europe was yesterday launched by MPs. A law-change, imposing the ban in 1999, was tomorrow due to be signed by the European Commission. PM John Major was being urged to intervene personally to stop the move....
Tags: European Commission, FINANCE
Research articles 1996-07-28
TAXATION: LIFE FOR DUTY-FREE SHOPS BEYOND 1999?
Summary: The European Commission is very likely to decide to push back the date set for doing away with duty-free shops. This in any event is the rumour circulating in the EU corridors of power, as the demise of "duty-frees" in sea ports or airports, scheduled for...
Tags: European Commission, FINANCE, SALES, Taxes, VAT
Research articles 1996-02-20
Houston Chronicle Jim Barlow Column.
Knight Ridder/Tribune Business News Jun. 29 -- EU AIRPORTS LOSING DUTY-FREE REVENUES: The business of travel. Flying to Europe? Expect to pay a bit more for your ticket starting next month. That's when the European Union institutes a ban...
Tags: carrier, Europe, SALES, Southwest Airlines Co.
Research articles 1999-06-28
2005 Medium-Duty Models
As in years past, there are always at least a few medium-duty models with either new skins or new specs. Unlike the heavy-duty commercial-truck sector, which can go years without seeing major changes in many of the Class 8 manufacturers' units, the medium-duty sector always seems to offer...
Tags: Ford Motor Co., Manufacturing
Research articles 2004-09-01
Once-missing Marine back on military duty
The Utah Marine who went missing in Iraq and showed up in his native Lebanon has returned to active military duty. It's news that his family welcomed Tuesday after a stressful summer. Medical authorities at Camp Lejeune, N.C., declared Cpl. Wassef Ali Hassoun fit for full duty late...
Tags: Al-Jazeera, E-mail, HEALTHCARE, Iraq, Lebanon, MARKETING
Research articles 2004-09-15
It's heavy duty, man!(Around and About)(Brief Article)
MILWAUKEE ELECTRIC TOOL is bringing together tradespeople and football players to "give back" to communities. It's all part of Milwaukee's Heavy Duty Helping program, an ongoing charitable endeavor designed to help tradespeople give back to the communities in which they live...
Tags: FINANCE, Habitat, Milwaukee, NFL, PRODUCTIVITY
Research articles 2003-08-01
Action to keep ethanol import duty underway.
Rep. Leonard Boswell (D-Iowa) has introduced legislation to extend the 54[cent]-per-gallon ethanol import duty to Jan. 1, 2011. As we reported in the May 20 PF, the duty will expire Oct. 1, 2007. But a peek at where the administration stands came from USDA ...
Tags: FINANCE, Rep., secretary, U.S. Department of Agriculture, World Bank
Research articles 2006-05-27
Ore export duty to take toll on mining in Goa.
Byline: Smitha Venkateswaran Mar. 3--PANAJI: The Goan economy, which mainly depends on mining, has been badly hit by the new export duty imposed on iron ore. Six China-bound vessels containing three lakh tonnes of iron ore were held back on Thursday after the duty...
Tags: Economic Times, industry, Strategy, vessel
Research articles 2007-03-03
Company introduces 'Heavy Duty Helping'. (industry news).(Brief Article)
BROOKFIELD, Wis. -- Milwaukee Electric Tool Corporation has introduced a charitable endeavor called "Heavy Duty Helping." According to the company, the project was designed to give tradespeople an opportunity to give back to their community. "Heavy Duty Helping" will look to generate both volunteers and financial...
Tags: FINANCE, financial, Habitat, industry, NFL
Research articles 2003-06-30
Beijing duty free fair shows Chinese development but cosmetics sector is still small.(Salon Duty Free Exhibition, Beijing, China)
In China, duty free has become a booming business that, unfortunately, has not strongly promoted cosmetics sales. The newly-opened nine duty free centers have increased the number of duty free zones to 96, including airports, duty free shops and maritime In China, duty free has become a booming business that,...
Tags: cosmetics, Salon
Research articles 1995-07-10
DUTY FREE GETS A BOOST.(US House of Representatives raises limit on value of tax-free items citizens and residents can take back to US)(Brief Article)
Caribbean duty free shops can look forward to a boost in sales resulting from action recently taken in the U.S. Congress, reports The Barbados Nation (May 5, 2003). The House of Representatives agreed to raise the limit on the value of tax-free items citizens and residents ...
Tags: exemption, FINANCE, SALES, Taxes, U.S., U.S. Senate
Research articles 2003-06-01
Allardyce won't rush Owen back
LONDON AFP — Newcastle manager Sam Allardyce insists he won't throw Michael Owen straight back into fray against Chelsea on Saturday despite his side's recent struggles. Owen is close to returning after six weeks out with a hamstring injury sustained on England duty and Allardyce could have been forgiven...
Tags: Agence France-Presse
Research articles 2007-12-27
CHINESE COKE ANTI-DUMPING DUTY SUSPENSION EXTENDED BY 9 MONTHS.
Given the shortage of coke 80+ on the European market, import restrictions on Chinese coke are to be suspended for another 9 months. On December 7, the Council of Ministers agreed to roll over its temporary suspension of an anti-dumping duty imposed by the European Commission...
Tags: European Commission, SALES, suspension
Research articles 2004-12-17
The 1998 trucks
What the buyers of light-medium-,and heavy-duty trucks want is more roominess and power, with less downtime for service and repairs. And that's what manufacturers are rolling out for 1998. Cabs are getting bigger everything from pickup trucks to trailer-hauling tractors, some of which have sleepers spacious enough to...
Tags: Ford Motor Co., Frontier, horsepower, pickup, SALES
Research articles 1997-10-01
European Commission agrees to end duty and tax-free sales
Ferry operators and airports are to fight the proposed abolition of duty and tax-free sales in the European Union. The European Commission yesterday accepted a report which recommended that duty free sales within the EU should be scrapped as planned in 1999. Some pounds 4.2bn is generated business by duty...
Tags: European Commission, FINANCE, SALES, Taxes
Research articles 1996-07-27
How GM's 'Baby 8' handles heavy-duty work.
This C8500 can do a lot of heavy-duty hauling for a medium-duty price-about $55,000, including the steel box Baby 8 is a term describing a heavy-duty truck with a medium-duty power train. Sometimes the truck chassis is a real Class 8 model...
Tags: General Motors Corp.
Research articles 1999-02-01
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