Examples of UK Finance Act in a sentence
The U.K. Finance Act of 2013, enacted in July 2013, reduced the U.K.‘s statutory income tax rate from 23% to 21%, effective April 1, 2014 and from 21% to 20%, effective April 1, 2015.
Pension Plan As you are probably aware, the UK Finance Act of 1989 introduced a Pension Cap for employees who join a pension plan after June 30th 1989.
The U.K. Finance Act 2020, formally enacted on July 22, 2020, cancelled the reduction of the corporation tax rate from 19% to 17%.
Neither the execution nor the completion of this Agreement, nor any transaction entered into in the pursuance thereof, will result in a charge to Tax for any Group Company under section 179 TCGA 1992, paragraphs 58 or 60 of Schedule 29 to the UK Finance Act 2002 , paragraph 12A of Schedule 9 to the UK Finance Act 1996, sections 346, 630-632, 780 or 785 CTA 2009 or paragraph 30A of Schedule 26 to the UK Finance Act 2002.
This strategy is based on values of integrity, compliance, and excellence, complies with Schedule 19 of the U.K. Finance Act 2016, and is publicly available on our website.Our tax policy, procedures and processes apply to our tax operations, reporting and compliance of Atlantica and its subsidiaries.
During the quarter ended June 30, 2021, the United Kingdom ("UK") Finance Act 2021 was enacted resulting in an increase in the UK corporate income tax rate from 19% to 25%.
In UK Finance Act 2016, a further change was enacted which reduced the main rate of UK corporation tax to 17% with effect from 1 April 2020.
An agreement for the transfer of such TORM plc A Shares should not give rise to a SDRT liability, provided that no election has been made under section 97A of the U.K. Finance Act 1986 which is applicable to such TORM plc A Shares.
Excludes the income tax effect of adjustments between GAAP net income and non-GAAP adjusted net income and an expense of $251 million arising on the remeasurement of our U.K. net deferred tax liability, which arose primarily in relation to the GW Acquisition, due to a change in the statutory tax rate in the U.K. following enactment of the UK Finance Act 2021.
TAXATION The United Kingdom Board of Inland Revenue has approved the scheme under Schedule 9, UK Finance Act 1978 and the scheme is thus exempt from taxation.