Glossary entry (derived from question below)
Dutch term or phrase:
een verbintenis die een wezenlijk verhaalsrisico met zich meebrengt.
English translation:
an undertaking that carries a substantial risk of recovery with it
Added to glossary by
TechLawDC
- The asker opted for community grading. The question was closed on 2010-03-01 03:54:07 based on peer agreement (or, if there were too few peer comments, asker preference.)
Feb 25, 2010 04:25
14 yrs ago
2 viewers *
Dutch term
verhaalsrisico
Dutch to English
Law/Patents
Law (general)
komt voor in LOU
een verbintenis die een wezenlijk VERHAALSRISICO met zich meebrengt.
bijvoorbaat dank!
bijvoorbaat dank!
Proposed translations
(English)
| 4 +1 | risk of recovery |
TechLawDC
|
| 4 | risk of... |
Chris Hopley
|
| 3 | tax shortfall recoupment risk |
Adrian MM. (X)
|
Change log
Mar 1, 2010 05:32: TechLawDC changed "Edited KOG entry" from "<a href="/profile/0">'s</a> old entry - "verhaalsrisico"" to ""risk of recovery""
Proposed translations
+1
4 hrs
Selected
risk of recovery
An undertaking that carries a substantial risk of recovery with it.
(E.g. a business venture or insurance underwriting that might not be profitable.)
(E.g. a business venture or insurance underwriting that might not be profitable.)
4 KudoZ points awarded for this answer.
Comment: "thanks!"
10 hrs
Chris Hopley
Netherlands
Netherlands
Native in English
Specializes in field
Netherlands
Dutch & German to English
Native in: English (Variants: British, UK, Irish, US, Australian, Canadian, New Zealand)
Works in: German to English, Dutch to English, Flemish to English, and 1 more.
Related KudoZ points
:
119
risk of...
... being assessed for tax and national insurance unpaid by your subcontractors.
'Verhaalrisico' refers to the risk that a main contractor bears for the correct payment of taxes and national insurance contributions by his subcontractors. This is regulated in the Wet Ketenaansprakelijkheid. If a subcontractor doesn't pay taxes and national insurance contributions for his workers, the tax authority will assess these on (or 'recover them from') the main contractor.
-> "Wanneer is er sprake van de Wet Ketenaansprakelijkheid. Zodra er sprake is van onderaanneming is in principe de Wet Ketenaansprakelijkheid van toepassing. Dit betekent dat u als hoofdaannemer hoofdelijk aansprakelijk bent voor de afdracht van loonheffing, premies volksverzekeringen en premies werknemersverzekeringen van uw onderaannemer c.q onder onderaannemers."
http://www.conga-ic.nl/Download_WKa.pdf
-> "De SVU regelt de beperking van inlenersaansprakelijkheid, dat wil zeggen het verhaalrisico van premie- en belastingafdracht op organisaties die uitzendkrachten inlenen van uitzendondernemingen."
http://www.covebo.nl/over-covebo/certificering/
'Verhaalrisico' refers to the risk that a main contractor bears for the correct payment of taxes and national insurance contributions by his subcontractors. This is regulated in the Wet Ketenaansprakelijkheid. If a subcontractor doesn't pay taxes and national insurance contributions for his workers, the tax authority will assess these on (or 'recover them from') the main contractor.
-> "Wanneer is er sprake van de Wet Ketenaansprakelijkheid. Zodra er sprake is van onderaanneming is in principe de Wet Ketenaansprakelijkheid van toepassing. Dit betekent dat u als hoofdaannemer hoofdelijk aansprakelijk bent voor de afdracht van loonheffing, premies volksverzekeringen en premies werknemersverzekeringen van uw onderaannemer c.q onder onderaannemers."
http://www.conga-ic.nl/Download_WKa.pdf
-> "De SVU regelt de beperking van inlenersaansprakelijkheid, dat wil zeggen het verhaalrisico van premie- en belastingafdracht op organisaties die uitzendkrachten inlenen van uitzendondernemingen."
http://www.covebo.nl/over-covebo/certificering/
16 hrs
tax shortfall recoupment risk
cf. in the UK the 'lump' building site tax system of old until abused - the payroll was uncertain with too many subcontracted navvies/brickies coming and going, so the head contractors paid a usually lowish lump sum in tax for PAYE/pay-as-you-earn.
Example sentence:
verhaalsrisico (Loss Given Default) 7 van aandeelhouders gelijk aan hun ... de omvang van hun verhaalsrisico.
This recoupment filing displayed the operational losses of the Facility for the ..... to date, produced in excess of $57 million of recoupment shortfall.
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