Meanings
plural troncmasters
- 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 5281 more example
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
Origin
Cite this entry
troncmaster. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/troncmaster
“troncmaster.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/troncmaster. Accessed November 3, 2026.
WatkinsX Dictionary, s.v. “troncmaster,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/troncmaster.
Source: troncmaster on Wiktionary, CC BY-SA 4.0.