troncmaster
nounEtymology From tronc + master.
1
The person in charge of a tronc (pool of earnings).
- The troncmaster is responsible for operating pay-as-you-earn on all distributions from the tronc and is personally liable for tax which he fails to deduct […]2004, Ronald Staples, Taxation, Volume 152, page 528:
- No NIC is payable on tips paid through a tronc if the above conditions are satisfied, therefore if the troncmaster operates independently of the employer, no NIC is payable […]2008, Malcolm James, Taxation of Small Businesses, page 175: