Right to Repayment definition
Right to Repayment means any right to a repayment of Tax or a payment in respect of Tax and includes any repayment supplement or interest in respect thereof;
Right to Repayment means any right to a repayment of Tax or a payment in respect of Tax and includes any repayment supplement or interest in respect thereof; “Saving” means the reduction in whole or in part of any liability of the Target to make an actual payment of corporation Tax (at a time when the Target is a member of the Purchaser’s Tax Group) which it would otherwise have been liable to make (and in respect of which the Founder Sellers are not liable to make any payment under this Schedule, otherwise than by reason of any Financial Limitation) by virtue of the set-off against such liability of any Relief arising wholly as a result of a liability to Tax in respect of which the Founder Sellers have made a payment to the Purchaser in full discharge of a Tax Claim in circumstances where the relevant Relief is not attributable to (i) a change in Laws, a change in accounting practice or the accounting bases on which the Target values its assets or any voluntary act or omission of the Target or any member of the Purchaser’s Group, in each case occurring after Completion, (ii) any Overprovision (iii) a Purchaser’s Relief or (iv) any payment or Relief to which paragraph 3 of Part C (Recovery from third parties) applies; “Shareholders” means the Sellers and the Minority Sellers; “Tax” or “Taxation” means all forms of direct and indirect tax, duty, levy, charge, contribution, rate, tariff and impost whether of the United Kingdom or any other jurisdiction and any other amount payable to any Tax Authority (including, for the avoidance of doubt, Payroll Tax), all related withholdings or deductions and all penalties, fines, charges, surcharges and interest relating to any of the foregoing or resulting from a failure to comply with the provisions of any enactment relating to any Taxation within this definition, including (i) any fine under Part 3 of Criminal Finances Act 2017 and (ii) in connection with the failure to make any return, the making of any incomplete or incorrect return, the failure to maintain records; “Tax Authority” means HM Revenue & Customs and any other authority, body or official (whether in the United Kingdom or elsewhere) competent to assess, demand, impose, administer or collect Tax or make any decision or ruling on any matter relating to Tax and any other person who has a right to demand or recover amounts of, or in respect of, or on account of, Tax or a Tax Liability; “Tax Claim” means a claim under the Tax Covenant or a Tax Warranty Claim; “Tax Demand” means...
Right to Repayment has the meaning as defined in the Tax Deed;