Bonus Tax Liability definition
Bonus Tax Liability means in relation to a Bonus Holder, any liability of the Bonus Holder's Employer to withhold the statutory minimum of withholding tax due and/or account to the Inland Revenue (or any other tax authority) for any amount of, or representing, income tax, employees' National Insurance contributions or any other tax or social security contributions charge, levy or other sum (whether under the laws of the United Kingdom or otherwise) which may arise on the grant or payment of a Special Bonus
Bonus Tax Liability means in relation to a Bonus Holder, any liability of the Bonus Holder’s Employer to withhold the statutory minimum of withholding tax due and/or account to the Inland Revenue (or any other tax authority) for any amount of, or representing, income tax, employees’ National Insurance contributions or any other tax or social security