Common use of Tax Changes Clause in Contracts

Tax Changes. Where tax changes are concerned, all those who have knowledge of the Budget need to know what restrictions apply to them during the lead up to the Chancellor's Budget statement. There are also other Teams in the Treasury which regularly get market sensitive information. Restrictions on dealings in particular types of securities and other assets will need to be applied there too. Specific instructions are always issued prior to major privatisations (see Basic Principles paragraph above).

Appears in 3 contracts

Sources: Specialist Legal Services Agreement, Agreement Relating to the Supply of Specialist Legal Services and Secondment Services, Agreement Relating to the Supply of Specialist Legal Services and Secondment Services