Group Payment Arrangement definition

Group Payment Arrangement means any arrangement entered into pursuant to section 36 Finance ▇▇▇ ▇▇▇▇ and/or section 59F Taxes Management ▇▇▇ ▇▇▇▇, or any similar group payment arrangement under which Reckitt Benckiser plc has agreed to discharge the corporation tax liabilities of any of its subsidiary undertakings;
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Group Payment Arrangement has the meaning given to it in the Tax Indemnity;
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Group Payment Arrangement means any arrangement entered into pursuant to Section 59F Taxes Management Act 1970 (or any equivalent or similar legislation in any other jurisdiction).
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Examples of Group Payment Arrangement in a sentence

  • No Group Company is bound by or party to (i) any indemnity for or covenant to pay Taxation relating to the sale of shares or a business by a Group Company, or (ii) any Taxation sharing or any Taxation allocation agreement (other than, for the avoidance of doubt, any Group Payment Arrangement or any VAT group established pursuant to Section 43 of VATA 1994), in either case in respect of which claims against any Group Company would not be time barred.

  • Each Relevant Seller agrees to procure that the nominated company for any Group Payment Arrangement shall give notice to any relevant Tax Authority to the effect that all Target Group Companies will immediately cease from Completion to be a member of the Group Payment Arrangement.

  • The Purchaser shall procure that each Target Group Company reimburses the nominated company for the payments of Tax made on its behalf under the relevant Group Payment Arrangement provided that no payment shall be made to the extent that the Sellers would have become liable to make any payment under Clause 8.1 in respect of such Tax.


More Definitions of Group Payment Arrangement

Group Payment Arrangement means a group payment arrangement made pursuant to section 59F TMA;
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