Scottish basic rate definition

Scottish basic rate means the rate of income tax of that name calculated in accordance with section 6A of the Income Tax Act 2007;
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Scottish basic rate means the rate of income tax of that name calculated in
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Scottish basic rate means the rate of income tax of that name calculated in accordance with section 6A of the Income Tax Act 2007; ‘Scottish taxpayer’ has the same meaning as in Chapter 2 of
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Examples of Scottish basic rate in a sentence

  • The Treasury shall, no later than one year after the date on which this Act is passed, publish and lay before the House of Commons a review of the implementation of the Scottish basic rate and any other income tax rates for the purposes of section 11A of the Income Tax Act 2007.

  • Tax on such payments will be paid by the Association, as previously agreed by the Management Committee, and will be based on the Scottish basic rate of income tax.

  • But, if the assessment period is less than a year, the earnings to which the basic rate, or the Scottish basic rate, of tax is to be applied and the amount of the personal reliefs deductible under this paragraph must be calculated on a pro rata basis.

  • Where used, it is recommended that the optional mowing strip extend 0.6 m from the edge of paved shoulder for weak post systems and 0.7 m for heavy post, blocked out systems.

  • This link will be broken if the UK basic rate is applied to all donations, in the event that a Scottish basic rate of income tax varies from the UK basic rate.

  • In the run up to the implementation of the Scottish Rate of Income Tax (SRIT) from 1 April 2016, HMRC has had to consider whether arrangements for reclaiming gift aid were adjusted to cope with both the Scottish basic rate of income tax and the UK basic rate of income tax.

  • But, if the assessment period is less than a year, the earnings to which the basic rate or in the case of a Scottish taxpayer, the Scottish basic rate of tax is to be applied and the amount of the personal reliefs deductible under thisparagraph must be calculated on a pro rata basis.

  • Subsection (13) updates the definition provision in ITA to reflect the changes made by clause 12 and this clause by omitting the definitions of Scottish higher rate and Scottish additional rate, amending the definition of Scottish basic rate to refer to the Scottish basic rate set by a Scottish rate resolution, and inserting definitions of Scottish rate and Scottish rate resolution.

  • The UK legislation is therefore being adjusted to recognise that anything not Scottish basic rate does not necessarily mean the higher or additional rate equivalents apply.Secondary legislation has been drafted to recognise within UK taxation the tiered approach to what would otherwise be the Scottish basic rate by the Scottish Government.

  • Because of their higher reactivities, bifunctional monomers containing two reactive groups can be used for the preparation of functional (co)polymers.


More Definitions of Scottish basic rate

Scottish basic rate means the Scottish basic rate of income tax for a tax year set by a Scottish rate resolution of the Scottish Parliament under section 80C of the Scotland Act 1998;
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Scottish basic rate means the rate of income tax of that name calculated in accordance with section 6A of
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Related to Scottish basic rate

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Maintenance Margin means the minimum amount of money required in your Trading Account as specified on the Trading Platform in order to keep a Transaction open on the Trading Platform.

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;