Deemed Direct Payment definition

Deemed Direct Payment means the sum calculated by Employment Business in accordance with Section 61Q ITEPA;

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Deemed Direct Payment means the sum calculated by Employment Business in

Deemed Direct Payment means a payment that a person is treated as making by reason of section 61N(3);

Examples of Deemed Direct Payment in a sentence

• Accordingly, the Intermediary acknowledges that the Employment Business must calculate the Deemed Direct Payment from the Intermediary Fees, make the appropriate Deductions from the Deemed Direct Payment and account for the same to HMRC.

• A self billed invoice will be provided by the Employment Business to the Intermediary and will be used to calculate the Deemed Direct Payment in accordance with clause 3.3.

• A self billed invoice will be provided by the Employment Business to the Intermediary and will be used to calculate the Deemed Direct Payment in accordance with clause 3.2.