Phrases with «undeclared income»

"Undeclared income" refers to money earned by individuals or businesses that is not reported or disclosed to the relevant authorities, such as the government or tax authorities. It is often done to avoid paying taxes or other legal obligations. Full definition

undeclared income

Sentences with «undeclared income»

These initiatives enable a voluntary disclosure to be made of previously undeclared income and generally offer reduced penalties, compared to the position if it is HMRC that discovers the non-declared income. (politics.co.uk)
Because dog breeding and reselling is entirely unregulated, it became a «cottage industry», a source of undeclared income, and often a supplement to welfare. (animaladvocates.com)
The Court did not accept the level of loss that the Plaintiff testified to and in doing so the Court provided the following comments highlighting the difficulty in assessing losses based on undeclared income: (bc-injury-law.com)
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Phrases with «undeclared income»

Sentences with «undeclared income»

See also