In effect what the Chancellor has said is that if an individual cannot afford to pay their tax any other way, the Revenue will be happy to collect the outstanding liability by credit card payment.

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The IRShas refused to process applications for separate liability in cases where the divorcing couple has no known outstanding tax liability.

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The agency "is unable to continuously pursue each taxpayer with an outstanding tax liability, " Bodman said.

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If the stock price climbs, that option liability grows larger as all of the outstanding stock options move more in-the-money and become more valuable.

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Consolidating everything, the only interest cost associated with the outstanding ELA debts stem from the fact that the Central Bank incurred a large Intra-Eurosystem liability via the TARGET2 system when the IBRC depositors and bond investors were paid off and moved their money abroad.

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