Tax Glossary

Welcome to the our Tax Glossary. To help you interpret the jargon that you can come across in dealing with your tax, our team of experts have written a brief explanation for hundreds of technical terms. Click on a letter to show entries.

Click on a letter to show entries
K Codes
If a tax code contains the letter "K", it signifies that the deductions in the code are more than the allowances.
Know-How
Know-how is industrial information or techniques that are likely to assist in
the manufacture or processing of goods and materials,
the working of a source of mineral deposits, or
the carrying out of any agricultural, forestry or fishing operations
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