R&D Tax Credit definition

R&D Tax Credit means any tax credit received by any Credit Party or its Subsidiaries in cash pursuant to Chapter 2, Part 13 of the Corporation Tax Act 2009 or Chapter 6A, Part 3 of the Corporation Tax Act 2009.
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R&D Tax Credit means the Research and Development tax credit to which the Company is entitled.
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R&D Tax Credit means the cash payment due from HM Revenue & Customs to the Company pursuant to section 1054 of the United Kingdom Corporation Tax Act 2009 in respect of qualifying R&D Expenditure incurred by the Company on or before 30 November 2016 in respect of which an amount was included in the Cash Balances as the R&D Tax Credit Amount;
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Examples of R&D Tax Credit in a sentence

  • D is Capitalized, and amortized over a five-year period and is defined in the U.S. Federal R&D Tax Credit Regulation.

  • Each Party shall be responsible for calculating its Separate Credits and its Excess Allocated Credits (collectively, the “Federal R&D Tax Credit Calculations”) for each taxable year starting with the 2013 taxable year and continuing until termination of the Tax Agreements and this letter.

  • The current quarter had a $.03 positive impact from the reinstatement of the Research and Development Credit (the "R&D Tax Credit") from January 2006 through December 2007, which without this impact net income would have been $.27 per diluted share for the quarter ended December 31, 2006.For the first half of fiscal 2007, total revenue of $317.9 million was generated compared to $284.4 million for the first half of the prior year.

  • Prior year results included a favorable impact to income tax expense of $21 million, or 13 cents per share, related to differences in the availability of the Federal R&D Tax Credit.

  • The determination of the amounts so received, used and payable shall be made in accordance with, and subject to, the methodology set forth in Schedule 7.3, provided that in each case, the Company (or any relevant subsidiary where applicable) shall use any R&D Tax Credit ultimately allowed by the applicable tax authority in the earliest year permissible under the applicable tax statute.

  • This forecast assumes, among other things, the passage of the R&D Tax Credit legislation that is currently being debated by the U.S. Congress and that the Credit will be made retroactive to January 1, 2006.

  • If the Federal R&D Tax Credit is extended before the end of the fiscal year, the impact to the effective tax rate guidance would be a decrease of approximately 1.5 percentage points.

  • As a company that carries out extensive research and development activities, the Company seeks to benefit from one of two U.K. research and development tax credit cash rebate regimes, the Small and Medium-sized Enterprises R&D Tax Credit Scheme (“SME Scheme”) and the Research and Development Expenditure scheme (“RDEC Scheme”).

  • If the Federal R&D Tax Credit is not extended before the end of the September 30, 2010 fiscal year, the impact to the effective tax rate guidance would be an increase of approximately 2 percentage points.

  • If the Federal R&D Tax Credit is renewed before the end of the fiscal year, the impact to the effective tax rate guidance would be a decrease of approximately 2 percentage points.


More Definitions of R&D Tax Credit

R&D Tax Credit means the amount of tax credits to which any member of the Company Group is unconditionally entitled, but has not received, as of the Measurement Time, pursuant to Part 13 of the Corporation Tax Xxx 0000 or Part 6 of the Capital Allowances Act 2001 in respect of the period ended December 31, 2020.
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R&D Tax Credit means the Italian corporate income tax credit for research and development activities provided by Italian Law n. 145 of 23 December 2013, as amended and supplemented from time to time.
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R&D Tax Credit means the Selling Parties’ rights to receive a Tax credit or payment from any Canadian Taxing Authority, or to have any such amount applied to reduce any such Selling Parties’ Tax payable, in connection with any previously completed fiscal years, and up to the Closing Date for any stub period.
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R&D Tax Credit means a research & development tax credit payable under Part 13 of the Corporation Tax Act 2009 in respect of:
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R&D Tax Credit means an R&D tax credit within the meaning of section 1054 of the Corporation Tax Axx 0000.
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R&D Tax Credit has the meaning given in Schedule 9;
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Related to R&D Tax Credit

  • Input Tax Credit means the credit of input tax;

  • Tax Credit means a credit against, relief or remission for, or repayment of any Tax.

  • Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

  • Tax Credits means any and all (a) investment tax credits, (b) production tax credits and (c) similar tax credits or grants under federal, state or local law relating to the construction, ownership or production of energy from the System.

  • Indemnified Tax means (a) any Tax other than an Excluded Tax and (b) to the extent not otherwise described in clause (a), Other Taxes.

  • Combined Tax Return means a Tax Return filed in respect of U.S. federal, state, local or non-U.S. income Taxes for a Combined Group, or any other affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) Tax Return of a Combined Group.

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Tax Attribute means a net operating loss, net capital loss, unused investment credit, unused foreign tax credit, excess charitable contribution, general business credit or any other Tax Item that could reduce a Tax.

  • UK Tax Deduction means a deduction or withholding for, or on account of, Tax imposed by the United Kingdom from a payment under a Loan Document.

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

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Excluded Tax means any of the following Taxes imposed on or with respect to any Recipient or required to be withheld or deducted from a payment to a Recipient (a) Taxes imposed on or measured by net income (however denominated, and including branch profits taxes) and franchise taxes, in each case (i) imposed as a result of such Recipient being organized under the Laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) imposed on any Recipient as a result of a present or former connection between such Recipient and the jurisdiction of the Governmental Authority imposing such Tax or any political subdivision or taxing authority thereof or therein (other than such connection arising from any such Recipient having executed, delivered, become a party to, performed its obligations or received a payment under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced, any Credit Document, or sold or assigned an interest in any Credit Document or Loan); (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a Law in effect on the date on which such Lender (i) acquires such interest in the Loan or Commitment or otherwise becomes a party to this Agreement (other than pursuant to an assignment request by the Borrower under Section 2.23) or (ii) changes its lending office, except in each case, to the extent that, pursuant to Section 2.20, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its lending office; (c) Taxes that are attributable to the failure by any Recipient to deliver the documentation required to be delivered pursuant to Section 2.20(f) or Section 2.20(g); and (d) Taxes imposed under FATCA.

  • Base Tax Year means the property tax levy year used

  • Other Tax means any Federal Other Tax, State Other Tax, or Foreign Other Tax.

  • Consolidated Tax Expense means, for any period, the tax expense of Borrower and its Subsidiaries, for such period, determined on a consolidated basis in accordance with GAAP.

  • Treaty Lender means a Lender which:

  • Assumed Tax Rate means the highest effective marginal combined U.S. federal, state and local income tax rate for a Fiscal Year prescribed for an individual or corporate resident in New York, New York (taking into account (a) the nondeductiblity of expenses subject to the limitation described in Section 67(a) of the Code and (b) the character (e.g., long-term or short-term capital gain or ordinary or exempt income) of the applicable income, but not taking into account the deductibility of state and local income taxes for U.S. federal income tax purposes). For the avoidance of doubt, the Assumed Tax Rate will be the same for all Partners.

  • Tax Revenues means the Personal Income Taxes and such other revenues, including Alternative Revenues (but excluding Building Aid), as the Authority may derive directly from the State from taxes imposed by the City or the State and collected by the State.

  • Realized Tax Detriment means, for a Taxable Year, the excess, if any, of the Actual Tax Liability over the Hypothetical Tax Liability. If all or a portion of the actual liability for such Taxes for the Taxable Year arises as a result of an audit by a Taxing Authority of any Taxable Year, such liability shall not be included in determining the Realized Tax Detriment unless and until there has been a Determination.

  • Available Tax Increment means the Gross Tax Increment received by the City from Hennepin County during the period preceding each semi-annual Payment Date, less (i) the amount of tax increment, if any, which the City must pay to the school district, the county and the state pursuant to Minnesota Statutes, Sections 469.177, Subds. 9 and 11; 469.176, Subd. 4h; and 469.175, Subd. 1a, as the same may be amended from time to time, (ii) actual administrative costs of the City in an amount not to exceed 10% of Gross Tax Increment.