Generation Tax definition

Generation Tax means a tax or a levy, duty or impost in the nature of tax that is imposed by Her Majesty’s Government of the United Kingdom (or which Her Majesty’s Government of the United Kingdom has formally required a UK Competent Authority to charge) specifically and directly on electricity generators;
Sample 1Sample 2Sample 3

Examples of Generation Tax in a sentence

  • The CSA model will allow employers currently registered with UI to register for FMLI through the Next Generation Tax System – NGTS, calculate the UI tax and the FMLI premium, and pay both with a single payment.

  • The City estimates that these costs, if recouped from the franchised haulers through the Solid Waste Generation Tax or other some financial mechanism, would add an estimated $0.66 to $4.24/month to the franchise model per residential dwelling unit depending on the assumed costs to be recouped.

  • The CSA model will allow employers currently registered with UI to register for FMLI through the current TAXIS system (and in the future through the Next Generation Tax System – NGTS), calculate the UI tax and the FMLI premium, and pay both with one check.

  • Additionally, GBB’s Franchise model estimate does not include additional City costs for overseeing the performance of the private haulers or replacing the overhead currently contributed by the Recycling Program’s Solid Waste Generation Tax for the pro-rata share of the General Fund’s administrative expenses.

  • ESD implemented the Next Generation Tax System (NGTS) in March 2014 to process employer wage reports and payments.

  • It is the purpose of this Contract is for Contractor to provide ESD with Senior Level Developer support position for the Next Generation Tax System (NGTS).

  • The Iowa Replacement Generation Tax Exemption was assumed for 20-year life of turbines.

  • Tax on the Value of Electricity Generation (IVPEE) suspension and VAT reduction Due to the high electricity prices in recent months, and in view that the situation could last, the government has adopted two special measures to mitigate the impact of the high electricity prices in the electricity bill of consumers: • The temporary suspension of the 7% Generation Tax (IVPEE) from July to September.

  • The net metering program for small-scale embedded generation, the Electricity Generation Tax, and the Green Energy Efficiency Fund do not have duration limits, while the Green Fund has financial commitments up to 2015/16.

  • Provides that the commission for agricultural and rural development may certify taxpayers that invest in certain agricultural businesses as producer members and these members may be eligible for a New Generation Tax Credit.

Related to Generation Tax

  • non-taxable territory means the territory which is outside the taxable territory;

  • Transaction Taxes has the meaning set forth in Section 2.6.

  • Transaction Tax Deductions means any Tax deductions relating to (i) any pay down or satisfaction of Company Indebtedness or other Indebtedness, (ii) the payment or incurrence of any Transaction Expenses or Transaction Bonus Payments and (iii) any other deductible payments attributable to the Contemplated Transactions economically borne by the Seller. For this purpose, any success-based fees shall be treated as deductible in accordance with Rev. Proc. 2011-29.

  • MUNICIPAL TAXABLE INCOME means the following:

  • Other Connection Taxes means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document).

  • non-taxable supply means a supply of goods or services or both which is not leviable to tax under this Act or under the Integrated Goods and Services Tax Act;

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • Foreign taxes means value-added taxes and custom duties assessed by a foreign government on a commodity. It does not include foreign sales taxes.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • input tax , in relation to a vendor, means—

  • taxable territory means the territory to which the provisions of this Act apply;

  • foreign tax means any Foreign Income Taxes or Foreign Other Taxes.

  • Income Tax Return means any Tax Return relating to Income Taxes.

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.