troncmaster

English

Etymology

tronc +‎ master

Noun

troncmaster (plural troncmasters)

  1. (rare) The person in charge of a tronc (pool of earnings).
    • 2004, Ronald Staples, Taxation, Volume 152, page 528:
      The troncmaster is responsible for operating pay-as-you-earn on all distributions from the tronc and is personally liable for tax which he fails to deduct […]
    • 2008, Malcolm James, Taxation of Small Businesses, page 175:
      No NIC is payable on tips paid through a tronc if the above conditions are satisfied, therefore if the troncmaster operates independently of the employer, no NIC is payable […]
This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.