Liability for Taxation definition

Liability for Taxation means any liability of the Company to make a payment of or in respect of Taxation whether or not the same is primarily payable by the Company and whether or not the Company has or may have any right of reimbursement against any other person or persons and shall also include:-

Liability for Taxation means a liability of the Contractor to make a payment of or in respect of any Taxation or of an amount representing, equal to, equivalent to, or deemed to be, Taxation;

Liability for Taxation means any liability of a Group Company to make an actual payment of or in respect of Taxation whether or not the same is primarily payable by the Group Company and whether or not the Group Company has or may have any right of reimbursement against any other person or persons and shall also include:

Examples of Liability for Taxation in a sentence

• Tax Claim: any assessment (including self-assessment), notice, demand, letter or other document issued or action taken by or on behalf of any Taxation Authority from which it appears that the Company or any Subsidiary is or may be subject to a Liability for Taxation or other liability in respect of which the Warrantors are or may be liable under this Tax Covenant.

• Saving: the reduction or elimination of any liability of the Company or a Subsidiary to make an actual payment of corporation tax in respect of which the Sellers would not have been liable under paragraph 2 by the use of any Relief arising wholly as a result of a Liability for Taxation in respect of which the Sellers have made a payment under paragraph 2 of this Tax Covenant.

• The Buyer shall procure that the Company, to the extent permissible and to the extent a Liability for Taxation is not thereby created, enters into and signs all returns, claims, consents, surrenders, elections and notifications to effect the surrender to the Seller’s Group by the Company (at no cost to the Seller’s Group) of all Group Relief available.

• Saving: the reduction or elimination of any liability of the Company or a Subsidiary to make an actual payment of Tax in respect of which the Warrantors would not have been liable under paragraph 2, by the use of any Relief arising as a result of a Liability for Taxation in respect of which the Warrantors are liable to make a payment under paragraph 2 of this Tax Covenant or the payment or discharge of such a Liability for Taxation.

• Tax Claim: any assessment (including self-assessment), notice, demand, letter or other document issued or action taken by or on behalf of any Taxation Authority from which it appears that the Buyer, the Company or a Subsidiary is or may be subject to a Liability for Taxation or other liability in respect of which the Sellers are or may be liable under this Tax Covenant.

More Definitions of Liability for Taxation

Liability for Taxation means any of:

Liability for Taxation means any liability of the Company to make a payment of or in respect of Taxation whether or not the same is primarily payable by the Company and whether or not the Company has or may have any right of reimbursement against any other person or persons and shall also include:

Liability for Taxation means (a) any liability of the Company or any Subsidiary to make an actual payment of, or in respect of, or on account of, Taxation whether or not the same is primarily payable by the Company or the relevant Subsidiary and whether or not the Company or the relevant Subsidiary has, or may have, any right of reimbursement against any other person, in which case the amount of the Liability for Taxation will be the amount of the actual payment; and (b) the use or setting off of any Purchaser’s Relief where, but for that set off or use, the Company or the relevant Subsidiary would have had a liability to make a payment of or in respect of Taxation for which the Purchaser would have been able to make a claim against the Management Shareholders under this Management Tax Covenant, in which case, the amount of the Liability for Taxation will be the amount of Taxation for which the Management Shareholders would have been liable but for the setting off or use; “Loss” includes absence, failure to obtain, non-existence, non-availability, reduction, modification, loss, counteraction, nullification, utilisation, disallowance, withdrawal or clawback for whatever reason;

Liability for Taxation has the meaning set forth in the Tax Covenant.

Liability for Taxation has the meaning given in paragraph 1.1 of Schedule 4.

Liability for Taxation means any liability of the Acquired Subsidiary to make a payment of or in respect of Taxation whether or not the same is primarily payable by the Acquired Subsidiary and whether or not the Acquired Subsidiary has or may have any right of reimbursement against any other person or persons and shall also include:

Liability for Taxation includes: