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;
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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 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.

  • These systems include the General Unemployment Insurance Development Effort (GUIDE), Tax Information System (TAXIS), Next Generation Tax System (NGTS), DARTT (the tax collection system), the Interactive Voice Response (IVR) system, Continued Claim Web (CC Web) applications, and the Imaging System if retention is assumed.

  • As noted, HB 1123 will have a adverse impact to the department’s Next Generation Tax System (NGTS), which will fully replace our current tax system (TAXIS).

  • ACTION: Commissioner Barr made a motion to support the FY’21 Solid Waste Generation Tax recommendation.

  • 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.

  • 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 followingThe provision relating to the Replacement Generation Tax is67 27provision of this Act applies retroactively to July 1, 2011:retroactive to July 1, 2011.67 281.

  • Amends the FY 2013 Replacement Generation Tax revenue allocation to add FY 2012.

  • Generation Tax of 7% applicable from 2013 is applied to reduce the cash flow.

Related to Generation Tax

  • 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.

  • 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).

  • 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.

  • Local taxes means all taxes levied other than taxes levied for school operating purposes.

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.

  • Income Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Income Taxes, including any schedule or attachment thereto, and including any amendment thereof.