Service charge

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Service charge

A component of some finance charges, such as the fee for triggering an overdraft checking account into use.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Service Charge

A fee a company or bank assesses for providing an unusual service. For example, a bank may assess a service charge if a person who does not have an account withdraws money from that bank's ATM. It is also called a service fee.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Following years of receiving a share of the service charge, supervisory and middle management have come to count on their share to cover certain household expenses.
The law, signed by President Rodrigo Duterte last August 7, mandates a 100-percent equal distribution of service charges collected, among rank-and-file and supervisory employees of hotels, restaurants and similar establishments (HRSEs).
'Sa wakas, natapos na rin po natin ang laban ng ating mga manggagawa sa services sector na matagal nang hinihiling ang buong pagbabahagi ng service charge sa mga nagbibigay ng serbisyo sa mga restaurant, hotel, at mga katulad na establisyimento,' Villanueva said in a statement.
Under its provisions, all service charges collected by hotels, restaurants and similar establishments shall be distributed completely and equally among the covered workers except managerial employees.
RESIDENTS paying PS70-a-week service charges to live in their flats have said they could face bankruptcy after struggling to sell up.
class="MsoNormalAccording to the judge, under Section 13(3) (c) of the VAT Act, 2013, the taxable value of supply includes the value of service charge. class="MsoNormalShe said that under Section 5(4) of the Act, an employer in the service industry is under obligation to recover VAT on account of the entire amount paid by the employer's customers.
Felixstowe Beach Holiday Park - Felixstowe Service Charge PS7.20 pupn - HALF PRICE on breaks starting Mar 23, Apr 23, Jun 8, 15, 18, 22, 25, Sep 24, 28, Oct 1, 5, 8, 12, 15.
Woolacombe Bay Holiday Park -Woolacombe Service Charge PS10.65 pupn.
However, should an upgrade demonstrably decrease ongoing maintenance costs or significantly reduce spend on spare parts, it should be agreed whether it is reasonable for the service charge to cover the improvement.
Some hotels say that they distribute 30 per cent of the service charge collected from customers to their staff.
"Service charge is optional," Ram Vilas Paswan, the union minister of food and public distribution, consumer affairs, for the government Of India, tweeted on Monday. Customers at restaurants have "a discretion to pay or not," he added.

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