UK Tax Liability definition
UK Tax Liability means any liability or obligation of the Company and/or any Group Company, including any UK Group Company, to account (or pay) for income tax (under the United Kingdom withholding system of PAYE (pay as you earn)) or any other taxation provisions and primary class 1 National Insurance contributions in the United Kingdom to the extent arising from the grant, exercise, vesting, assignment, release, cancellation or any other disposal of an Award or arising out of the acquisition, retention and disposal of the Shares acquired under this Plan.
UK Tax Liability means a liability to make or suffer an actual payment of UK Tax;
UK Tax Liability means any Pre-Closing Tax Period Taxes for which the Transferred Subsidiaries may be liable in connection with or as a result of the UK Tax Proceeding.
Examples of UK Tax Liability in a sentence
Furthermore, you hereby agree to indemnify on demand to the fullest extent permitted by law and hold harmless the Company from and against: (i) each and every claim, liability and demand made by HMRC in respect of any UK Tax Liability; and/or (ii) any interest, fines and penalties incurred by the Company in connection with any UK Tax Liability.
More Definitions of UK Tax Liability
UK Tax Liability has the meaning given in clause 8.6.
UK Tax Liability means any liability or obligation of the Company and/or any Group Company to account (or pay) for income tax (under the United Kingdom withholding system of PAYE (pay as you earn)) or any other taxation provisions and primary class 1 National Insurance contributions in the United Kingdom to the extent arising from the grant, exercise, vesting, assignment, release, cancellation or any other disposal of an Award, or arising out of the acquisition, vesting, retention and/or disposal of the Shares subject to or comprising an Award, or otherwise pursuant to an award of Shares under the Plan.
UK Tax Liability means:
(A) a liability to make a payment of tax (including as a result of the loss of all or part of any loss, allowance, credit, exemption, set-off or deduction relevant to the computation of any liability to tax ("RELIEF") which Relief has been taken into account in computing (and so reducing) any provision relating to tax which appears in the calculation of the UK Net Asset Value) (an "A LIABILITY"); and
(B) the compulsory (under English law) application of all or part of any Relief in computing either profits earned, accrued or received on or before Closing or tax arising in respect of any event on or before Closing where the Relief arises in respect of any event occurring or period commencing after Closing and where but for such application the UK Subsidiary would have been liable to make a payment of tax in respect of which the Seller would have been liable to make a payment under clause 1.3(a)(ii)(A) (a "B Liability"); in each case arising in respect of or as a consequence of or by reference to:
(1) any income, profits or gains earned, accrued or received or deemed for tax purposes to have been earned, accrued or received by the UK Subsidiary before Closing;
(2) any event which occurred or is deemed for tax purposes to have occurred in relation to the UK Subsidiary before Closing.