Taxes Act 1988 definition
Examples of Taxes Act 1988 in a sentence
For the purpose of this Agreement "connected person" shall have the meaning given by section 839 of the Income and Corporation Taxes Act 1988.
When letting property and collecting rents for non-UK resident landlords (NRL) i.e. landlords living overseas, the Agent is obliged by the Income and Corporation Taxes Act 1988 and the Taxation of Income from Land (Non-Residents) Regulations 1995 to deduct tax (at the basic tax rate) to cover any tax liability, unless the Landlord has been authorised in writing by HM Revenue and Customs (HMRC) to receive rent gross.
The Lender warrants that it is a Bank as defined for the purposes of Section 349(3)(a) of the Income and Corporation Taxes Act 1988 and will be within the charge to United Kingdom corporation tax as respects all amounts regarded as interest for United Kingdom tax purposes received by it under this Agreement.
When letting property and collecting rents for non-UK resident landlords (NRL) i.e. landlords living overseas, the Agent is obliged by the Income and Corporation Taxes Act 1988 and the Taxation of Income from Land (Non- Residents) Regulations 1995 to deduct tax (at the basic tax rate) to cover any tax liability, unless the Landlord has been authorised in writing by HM Revenue and Customs (HMRC) to receive rent gross.
The Contractor shall notify the Client immediately if the Contractor undergoes a change of control within the meaning of section 416 of the Income and Corporation Taxes Act 1988 (“Change of Control”).
Evidence of a group income election made under section 247 of the Income and Corporation Taxes Act 1988 in relation to Funding and the [{circle}] Issuer.
Inland Revenue restrictions currently specify a maximum annual contribution as a percentage of the Executive’s relevant earnings in respect of the appropriate year of assessment (having regard to any contributions to the scheme or to any other arrangement paid by the Executive) (as mentioned in section 640 of the Income and Corporation Taxes Act 1988), and an earnings cap applied as at the date of payment of the contribution (pursuant to section 640A of the Income and Corporation Taxes Act 1988).
To the Knowledge of Metron, there are no facts or circumstances that may result in any loss, liability or damage to FSI or the Metron Scheme (or its assets, policies or investments) or the withdrawal of any necessary consent, approval (including, without limitation, the approval of the UK Inland Revenue under the Income and Corporation Taxes Act 1988) by virtue of the execution of this Agreement, the Closing or the payment of the Transfer Amount.
So long as any Note or Coupon remains outstanding, the Issuer shall not at any time declare or make a distribution (as defined in Section 209 of the Income and Corporation Taxes Act 1988) or grant a loan or any other credit facility to any of its shareholders unless (1) immediately following the occurrence of any such event, the Net Debt (as defined below) at such time would not exceed 85 per cent.
The Consultant undertakes that tax on or in respect of any fees paid or to be paid to the Consultant pursuant to Clause 5 of this Agreement: will be self-assessed; or will not be self-assessed but will be paid: as a self-assessment payment on account under section 59A of the Taxes Management Act 1970; or as a sub-contractor deduction under section 559A of the Income and Corporation Taxes Act 1988 or section 62 of the Finance Act 2004.