Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia.
grossing upthe process in the UK of converting net of tax payments of DIVIDENDS. INTEREST, etc., into gross figures by adding back the tax credits attached to those dividends or interest payments. This is done in order to allow an individual investor's INCOME TAX assessment to be based on his gross income. See CORPORATION TAX.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson