Where an investor purchases Spanish property, for example, and does not generate rental income from it, the tax authorities will deem the investor to have received a taxable notional rent.
By the end of 1942 Ninth and Tenth Armies on which this deception was based were almost wholly notional - their real strength hardly amounted to a single fighting division - but they impressed the enemy high command as real.
Again the general public or pension funds footed the bill for this notional loss of income without any proper explanation.
Now, the security for all of these notional values on financial derivatives, is not based on real assets.
In other words, it's a notional drop in a figure as yet untested by elections.
In all other instances, the notional pay used in calculating the employee's PAYE and PRSI liability must be the best estimate that can reasonably be made by the employer at the time the benefit is provided.
That $10 is the notional earnings base because that is the only ordinary time earnings on my learned friend's argument that is included in the notional earnings base.
Although he dismissed the suggestion that she had a notional earning capacity he put her annual budget, excluding periodical payments for the children, at £65,000 per annum.
‘Rates are a fixed charge, incurred annually, that are based on notional property values and bear no relationship to the size or scale of the business or its ability to pay,’ said Mr Bourke.
While there are notional tonnage limits on some Irish roads, they are scarcely policed at all: there is nothing like the French scheme of things, where a vehicle may be confiscated if used in restricted tonnage areas.