Sales tax is a tax paid to a governing body (state or local) for the sale of certain goods and services. First enacted in the United States in 1921, sales tax dates back to ancient Egyptian times where paintings depict the collection of tax on commodities. Arkansas first adopted a general state sales tax in 1935. Since that time, the rate has risen to 6.5%. As a business owner selling taxable goods or services, you act as an agent of the state of Arkansas by collecting sales tax from purchasers and passing it along to the Department of Finance.
The Equitable Life Payment Scheme was set up by HM Government to make fair and transparent payments to Equitable Life policyholders who suffered financial losses as a result of government maladministration which occurred in the regulation of Equitable Life.
A paid-up policy is a whole life insurance policy for which no additional premium payments are required to keep it in force. Generally, a standard paid-up policy lasts the rest of your lifetime or until you reach a specific age, such as 100.Some policies are designed to be fully paid up at an age specified in the contract, such as whole life policies for which you pay no more premiums after age 65.1  Facebook.2  Twitter.omewhat informal; insurance in which a policyholder has paid the premium appropriately. For example, when a policyholder makes a required monthly premium payment, that policy is said to be paid up.