Returns, Information and Clearances Clause Samples

Returns, Information and Clearances. 10.1.1 All returns, computations and notices which are or have been required to be made or given by the Company for any Taxation purpose (a) have been made or given within the requisite periods and on a proper basis and are up-to-date and (b) none of them is, or is likely to be, the subject of any dispute with any Tax Authority. 10.1.2 All information required to be provided to the applicable Tax Authority has been provided within the requisite period and is accurate. 10.1.3 There is no liability (whether accrued, contingent or future) to any Taxation in respect of which a claim could be made in respect of the Company (other than as specifically provided in the Company’s accounts) and there are no circumstances likely to give rise to such a liability and in particular (but without limitation) there exists no grounds for any claim for any Taxation against the Company under the provisions of any Law relating to Taxation or whereby the Company may be held liable for any Taxation chargeable against any other person.

Returns, Information and Clearances. 7.2.1 (i) All returns, computations, notices and information which are or have been required to be made or given by each Group Company for any Taxation purpose or have been made or given within the requisite periods and on a proper basis and are up-to-date and correct.

Returns, Information and Clearances. 8.1.1 All returns, computations, notices and information which are or have been required to be made or given by each Group Company for any Taxation purpose (i) have been made or given within the requisite periods and on a proper basis and are up-to-date and correct and (ii) none of them is, or is likely to be, the subject of any dispute with the Inland Revenue or other Taxation authorities. 8.1.2 Each Group Company is in possession of sufficient information to enable it to compute its liability to Taxation insofar as it depends on any Transaction occurring on or before Completion.

Returns, Information and Clearances. All returns, computations and notices which are or have been required to be made or given by the Company for any taxation purpose (i) have been made or given within the requisite periods or within permitted extensions of such periods and on a proper basis and are up-to-date and correct in all material respects, and (ii) none of them are the subject of any significant dispute with the Inland Revenue or other applicable taxation authorities.

Returns, Information and Clearances. 9.1.1 All returns, computations, notices, accounts or other information which are or have been required to be made, given or submitted by the Company to any Tax Authorities for any Taxation purpose: (a) have been made or given within the requisite periods or within permitted extensions of such periods and on a proper basis and are complete, up-to-date and correct; and (b) none of them is, or are likely to be, the subject of any dispute with the relevant Tax Authorities. 9.1.2 The Company has maintained and is in possession of all records required for Tax purposes and all such records remain true, complete and accurate. In particular, without limitation, the Company is in possession of sufficient information to enable it to compute its liability to Taxation insofar as it depends on any transaction occurring on or before the Completion or its entitlement to any deduction, relief or repayment of Tax and any claims and elections it has made relating to Tax. 9.1.3 All claims, elections and disclaimers assumed for the purposes of the Audited Accounts and Management Accounts or the returns have within the relevant time limits been correctly made and submitted to the Tax Authority, and remain valid in all respects. 9.1.4 No Transaction has been effected in respect of which any consent or clearance from the relevant Tax Authorities was required or was or could have been sought: (a) without such consent or clearance having been validly obtained before the Transaction was effected; (b) otherwise than in accordance with the terms of and so as to satisfy any conditions attached to such consent or clearance; and (c) otherwise than at a time when and in circumstances in which such consent or clearance was valid and effective. 9.1.5 All particulars furnished to the relevant Tax Authorities, in connection with the application for any consent or clearance by the Company fully and accurately disclosed all facts and circumstances material to the decision of the relevant Tax Authorities. 9.1.6 There are no circumstances that have arisen since any application for any such consent or clearance was made which might reasonably be expected to cause such consent or clearance to be or become invalid or to be withdrawn by the relevant Tax Authorities. 9.1.7 The Company does not have any agreement or arrangement with a Tax Authority whereby it is assessed to or accounts for Tax other than in accordance with the strict terms of relevant legislation or published practice of the relevant ...

Returns, Information and Clearances i. All returns, computations, notices and information which are or have been required to be made or given in accordance with applicable law by each Group Company for any Taxation purpose: 1. have been made or given within the requisite periods and on a proper basis and are up-to-date and correct and to the Best of Vendors’ Knowledge have on hand the supporting documents relating to each of the Taxes, and 2. were true and complete in all material respects at the time they were filed and were prepared, without there being any subsequently known facts or circumstances that could render them incorrect and except as Fairly Disclosed the tax authorities have not requested any clarification, or made any order or petition regarding any of those returns. ii. Except as Fairly Disclosed, the Group Companies have made correctly, in compliance with the applicable Tax provisions, withholdings and prepayments on account of all applicable Taxes from and on payments made to third parties, individuals (including their employees) or entities, either resident or non-resident, and have reported, self-assessed and paid in a timely manner to the relevant administrative body the correct, requisite amounts for all tax periods under the applicable tax regulations. iii. In connection with the above, except as Fairly Disclosed, for the last five (5) years the Group Companies hold all the material records, correspondence, supporting documents and receipts regarding their business in accordance with applicable Spanish tax and commercial law. iv. Except as Fairly Disclosed, no Group Company has entered into or been a party to any schemes or arrangements which infringe thin capitalization rules.

Returns, Information and Clearances. 18.1.1 All returns, computations, notices and information which are or have been required to be made or given by each PMD Group Company for any Taxation purpose (i) have been made or given within the requisite periods and on a proper basis and are up-to-date and correct and (ii) none of them is, or so far as the Seller should reasonably be aware is likely to be, the subject of any material dispute with any Tax Authority. 18.1.2 Each PMD Group Company has paid or will provide for in the Completion Acounts all Taxation which it has become liable to pay and is under no liability to pay any penalty or interest in connection with any claim for Taxation. 18.1.3 Each PMD Group Company is in possession of sufficient information or has access to such information to enable it to compute its liability to Taxation insofar as it depends on any Transaction occurring on or before Completion.

Returns, Information and Clearances. All returns, notices, computations, accounts or other information which are or have been required to be made or given by each Group Company to a Tax Authority for Tax purposes in the last six years:

Returns, Information and Clearances. 10.1.1 All returns, computations, notices and information which are or have been required to be made or given by each Group Company for any Taxation purpose (i) have been made or given within the requisite periods and on a proper basis, and are up-to-date and in all material respects correct; and (ii) none of them is the subject of any material dispute with or material investigation by Her Majesty’s Revenue and Customs or any other Tax Authority regarding liability or potential liability to any Tax recoverable from any Group Company or regarding the availability of any relief from any Group Company. 10.1.2 Each Group Company has duly and punctually paid all Tax which it has become liable to pay and no Group Company is, or has in the last three years been, liable to pay any penalty, fine or interest in connection with Tax. 10.1.3 Each Group Company has deducted or withheld all Tax which it has been obliged by Law to deduct or withhold from payments made by it, and has properly accounted to the relevant Tax Authority for all amounts so deducted or withheld. 10.1.4 Each Group Company has maintained and preserved all records required for Tax purposes or which may be needed to enable it to deliver complete and accurate returns, and has made all returns within applicable time limits. Each Group Company has sufficient records to calculate the Tax Liability (as defined in the Tax Deed of Covenant) or Relief which would arise on a disposal or on the realisation of each asset owned by it at Completion. 10.1.5 The amount of Tax chargeable on each Group Company during any accounting period ending on the Accounts Date or at any time during the period of three years ending on the Accounts Date has not depended upon any unpublished concession, agreement or other formal or informal arrangement with any Tax Authority.