Group Payment Arrangement definition

Group Payment Arrangement means any arrangement entered into pursuant to section 36 Finance ▇▇▇ ▇▇▇▇ and/or section 59F Taxes Management ▇▇▇ ▇▇▇▇, or any similar group payment arrangement under which Reckitt Benckiser plc has agreed to discharge the corporation tax liabilities of any of its subsidiary undertakings;
View Source
Group Payment Arrangement has the meaning given to it in the Tax Indemnity;
View Source
Group Payment Arrangement means any arrangement entered into pursuant to Section 59F Taxes Management Act 1970 (or any equivalent or similar legislation in any other jurisdiction).
View Source

Examples of Group Payment Arrangement in a sentence

  • No Group Company is bound by or party to (i) any indemnity for or covenant to pay Taxation relating to the sale of shares or a business by a Group Company, or (ii) any Taxation sharing or any Taxation allocation agreement (other than, for the avoidance of doubt, any Group Payment Arrangement or any VAT group established pursuant to Section 43 of VATA 1994), in either case in respect of which claims against any Group Company would not be time barred.

  • Each Relevant Seller agrees to procure that the nominated company for any Group Payment Arrangement shall give notice to any relevant Tax Authority to the effect that all Target Group Companies will immediately cease from Completion to be a member of the Group Payment Arrangement.

  • The Purchaser shall procure that each Target Group Company reimburses the nominated company for the payments of Tax made on its behalf under the relevant Group Payment Arrangement provided that no payment shall be made to the extent that the Sellers would have become liable to make any payment under Clause 8.1 in respect of such Tax.


More Definitions of Group Payment Arrangement

Group Payment Arrangement means a group payment arrangement made pursuant to section 59F TMA;
View Source

Related to Group Payment Arrangement

  • Treasury Management Arrangement means any agreement or other arrangement governing the provision of treasury or cash management services, including deposit accounts, overdraft, credit or debit card, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services and other cash management services.

  • Management Arrangements means the arrangements for the strategic management of the relationship between the Authority and the Contractor, including arrangements for monitoring of the Contractor’s compliance with the Specification, the Service Levels, the Award Procedures and the terms of this Framework Agreement, set out in Schedule 4.

  • Ridesharing arrangement means the transportation of persons in a motor vehicle where the transportation is incidental to another purpose of a volunteer driver and includes ridesharing arrangements known as carpools, vanpools, and buspools.

  • Cash Management Arrangements means all cash management arrangements pursuant to which Honeywell or its Subsidiaries automatically or manually sweep cash from, or automatically or manually transfer cash to, accounts of SpinCo or any member of the SpinCo Group.

  • Compensation Arrangement means any direct or indirect compensatory payment or other financial agreement, arrangement or understanding with any person or entity other than the Corporation, including any agreement, arrangement or understanding with respect to any direct or indirect compensation, reimbursement or indemnification in connection with candidacy, nomination, service or action as a nominee or as a director of the Corporation;