Normally the Basis Period is the same as the accounting period, but special rules apply in the first three tax years of trading, on a change of accounting date, and on cessation. Most commonly used to refer to a person who receives income or capital from a trust, or from the estate of a deceased person. An agency belonging to the Department of Social Security which is responsible for calculating entitlement to, and for paying, state benefits such as Income Support and so on. Part of your remuneration package paid not in cash, but in kind. Includes the use of company assets such as company cars, low interest loans and so on.
Examples are jobseeker's allowance, incapacity benefit, disability benefits and so on.
A free issue of shares to existing shareholders in proportion to their existing shares. This is the same as a Scrip Issue, but is not the same as a scrip dividend. An extra reward paid by employers to employees either at a certain time of the year such as at Christmas, or in recognition of a good performance. The bonuses can be anything from cash to a holiday or a valuable asset. Used by the bank to identify which branch of that bank holds your account.