Mandatory Scheme definition

Mandatory Scheme. ; means the scheme determined by Government in line with the guidance issued by the Department for Levelling Up, Housing and Communities announced on 3 February 2022;
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Mandatory Scheme means a Relevant Benefit scheme which is mandatory under the relevant laws of the jurisdiction(s) in which a Group Company operates and “Mandatory Schemes” means all those arrangements and schemes.
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Mandatory Scheme means a compulsory scheme established by law and guaranteed by the Government to provide social security benefits to employees;
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Examples of Mandatory Scheme in a sentence

  • Rodrigo Fuentes, Patent Insurance: Towards a More Affordable, Mandatory Scheme, 10 Colum.

  • Whilst the additional scheme deals generally with smaller dwellings or properties other than those required to be licensed under the Mandatory Scheme, the Additional Scheme is time limited and properties that are licensed under the scheme are not subject to automatic renewal as in the Mandatory scheme.

  • In certain circumstances, an individual cannot use Mandatory Scheme Pays ‘MSP’ to pay a relevant HMRC tax charge.

  • Where a member does not meet the conditions for Mandatory Scheme Pays ‘MSP’ to apply or they do not make their nomination in time then a scheme may decide to pay the member’s annual allowance charge on a voluntary basis ‘VSP’.

  • For example they may not consider allowing a VSP arrangement for a member who would have been eligible for Mandatory Scheme Pays but did not notify the authority within the statutory limit to be a reasonable exercise of their powers.

  • However, it is recognised that ADD/ADHD or Dyspraxia may be considered a medical diagnosis and therefore a letter from a suitably qualified medical professional may be acceptable where they are able to confirm the diagnosis.

  • Voluntary and Mandatory Scheme Pays (VSP, MSP) and Lifetime AllowancesMembers are entitled to request the Pension Fund pays their tax liabilities due in respect of annual allowance and life time allowance in exchange for a reduction in pension.Where the Fund pays member tax liabilities direct to HMRC it is treated as an expense in the year in which the payment occurs.

  • It is not legislated for in the same way that Mandatory Scheme Pays is.

  • This does not qualify for Mandatory Scheme Pays as the pension input is less than the Standard Annual Allowance of £40,000, so would need to be settled by the member directly with HMRC, unless a Voluntary Scheme Pays arrangement is agreed with the Fund.

  • Mandatory Scheme Pays only applies to £8,000 of that tax charge (in respect of the input in excess of £40,000).


More Definitions of Mandatory Scheme

Mandatory Scheme means a compulsory scheme established under this Act and guaranteed by the Government;
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Related to Mandatory Scheme

  • Scheme of Arrangement means a scheme of arrangement, share for share exchange or analogous procedure.

  • Superannuation Scheme in this subclause, shall mean a scheme other than one implemented solely for purposes of compliance with Clause 49. - Superannuation of this award, or an Order of the Western Australian Industrial Relations Commission.

  • Scheme Shares means the Target Shares which are subject to the Scheme in accordance with its terms.

  • approved scheme means a share option scheme, other than a savings-related share option scheme, approved under Schedule 4.

  • Newco Scheme means a scheme of arrangement or analogous proceeding (“Scheme of Arrangement”) which effects the interposition of a limited liability company (“Newco”) between the Shareholders immediately prior to the Scheme of Arrangement (the “Existing Shareholders”) and the Company; provided that (i) only ordinary shares or units or equivalent of Newco or depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco are issued to Existing Shareholders; (ii) immediately after completion of the Scheme of Arrangement the only holders of ordinary shares, units or equivalent of Newco or, as the case may be, the only holders of depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco, are Existing Shareholders holding in the same proportions as immediately prior to completion of the Scheme of Arrangement (disregarding de minimis holdings by initial subscribers, if applicable); (iii) immediately after completion of the Scheme of Arrangement, Newco is (or one or more wholly-owned Subsidiaries of Newco are) the only shareholder of the Company; (iv) all Subsidiaries of the Company immediately prior to the Scheme of Arrangement (other than Newco, if Newco is then a Subsidiary of the Company) are Subsidiaries of the Company (or of Newco) immediately after completion of the Scheme of Arrangement; and (v) immediately after completion of the Scheme of Arrangement the Company (or Newco) holds, directly or indirectly, the same percentage of the Ordinary Share Capital and Equity Share Capital of those Subsidiaries as was held by the Company immediately prior to the Scheme of Arrangement.

  • Parties to a Traineeship Scheme means the employer organisation and/or the employer and the union involved in the consultation and negotiation required for the approval of a traineeship scheme.

  • Scheme means the Water Regulations Advisory Scheme;

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

  • Traineeship Scheme means an approved traineeship applicable to a group or class of employees or to an industry or sector of an industry or an enterprise. A traineeship scheme shall not be given approval unless consultation and negotiation with the union upon the terms of the proposed traineeship scheme and the traineeship have occurred. An application for approval of a traineeship scheme shall identify the union and demonstrate to the satisfaction of the approving authority that the abovementioned consultation and negotiation have occurred.

  • Scheme Year means a period of one year beginning with 1st April and ending with 31st March;

  • Scheme Rules means the applicable SEPA direct debit or credit transfer scheme rules of the European Payments Council as amended from time to time.

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Restructuring Plan means the extrajudicial restructuring plan, filed with the Sao Paulo Bankruptcy and Reorganization Court on August 19, 2020 (the “Restructuring Plan Filing Date”), providing for the issuance of the Securities and of the New Notes in exchange for the restructuring of various financial debts of OEC and certain of its Affiliates, as duly amended from time to time.

  • Alternative Restructuring Proposal means any inquiry, proposal, offer, bid, term sheet, discussion, or agreement with respect to a sale, disposition, new-money investment, restructuring, reorganization, merger, amalgamation, acquisition, consolidation, dissolution, debt investment, equity investment, liquidation, tender offer, recapitalization, plan of reorganization, share exchange, business combination, or similar transaction involving any one or more Company Parties or the debt, equity, or other interests in any one or more Company Parties that is an alternative to one or more of the Restructuring Transactions.

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • Scheme Record Time means the time and date specified as such in the Scheme Document, expected to be 6.00 p.m. on the Business Day immediately preceding the Effective Date or such other time as Codemasters and Take-Two may agree;

  • the Scheme means the Local Government Pension Scheme in

  • Scheme Consideration means, in respect of:

  • Planning Scheme means a scheme developed in accordance with section 6 of the Planning and Environment Act 1987.

  • Plan of Arrangement means the plan of arrangement, substantially in the form set out in Schedule A, subject to any amendments or variations to such plan made in accordance with this Agreement and the Plan of Arrangement or made at the direction of the Court in the Final Order with the prior written consent of the Company and the Purchaser, each acting reasonably.

  • Company Acquisition Proposal means any offer, indication of interest or proposal (other than an offer or proposal made or submitted by or on behalf of Parent or any of its Subsidiaries) contemplating or otherwise relating to any Company Acquisition Transaction.

  • Superannuation Fund means the Local Government Superannuation Scheme.

  • Articles of Arrangement means the articles of arrangement of the Company in respect of the Arrangement required by the OBCA to be sent to the Director after the Final Order is made, which shall include the Plan of Arrangement and otherwise be in a form and content satisfactory to the Company and the Purchaser, each acting reasonably.

  • Seller 401(k) Plan has the meaning set forth in Section 5.5(e).

  • relevant scheme means a scheme of financial assistance provided under—

  • town planning scheme means the City of Rockingham Town Planning Scheme made under the Town Planning and Development Act 1928.