the ITEPA definition

the ITEPA means the Income Tax (Earnings and Pensions) Act 2003(e);

Examples of the ITEPA in a sentence

In 2017/18 the nature of her employment changed and she did not perform any UK duties in that year or in 2018/19 (she was also not within the ITEPA 2003, s 24A provisions).

The Option Holder shall have no recourse of any kind against the Company (or any Group Company) if the incentives and tax reliefs provided by the ITEPA and/or Part 4, Schedule 7D to TCGA are not available in respect of any EMI Option for whatever reason.

An Option may not be exercised by an Option Holder at any time when he is prohibited from such exercise by virtue of the provisions of paragraph 9 of Schedule 4 to the ITEPA (material interest in a close company).

In the event of a change of control, an EMI Option granted to an employee may be exchanged for qualifying options pursuant to paragraph 42 of Schedule 5 of the ITEPA 2003.

It is worth noting that PS Tax did get agreement from HMRC in January 2018 that Gold Command vehicles are regarded as exempt from P11D reporting under the terms of Section 248A of the ITEPA 2003.

No Option may be granted to any individual if as a result that person would exceed the £250,000 maximum entitlement as prescribed in Schedule 5 to the ITEPA.

Words and expressions not otherwise defined have the same meanings as they have in the ITEPA.

If the Participant does not reimburse the Employer for the amount of such payment on account (through withholding or other payment) within ninety (90) days of the end of the U.K. financial year (April 6 to April 5) in which such liability arises or such other period specified in the ITEPA 2003 (the “Due Date”), the amount of any uncollected income tax liability shall constitute a loan owed by the Participant to the Employer, effective as of the Due Date.

The father may well have had some investment income liable to tax under ITTOIA, but he had been employed (and not subcontracted) by the merchant bank, in which capacity he plainly fell within the ITEPA regime.

The Optionholder irrevocably agrees to enter into a joint election in respect of the Option Shares under section 431 (1) or section 431 (2) of the ITEPA 2003, if required to do so by the Company or the Optionholder’s Employer on or before any date of exercise of the Option.

Related to the ITEPA

Person means any individual, corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof.
the SSCBA means the Social Security Contributions and Benefits Act 1992;
the 1983 Act means the Representation of the People Act 1983;
the 1984 Act means the Road Traffic Regulation Act 1984;
the 1986 Act means the Insolvency Act 1986(c);
the 1988 Act means the Local Government Finance Act 1988.
the 1993 Act means the Pension Schemes Act 1993;
the 1981 Act means the Compulsory Purchase (Vesting Declarations) Act 1981(d); “the 1984 Act” means the Road Traffic Regulation Act 1984(e);
the 1994 Act means the Vehicle Excise and Registration Act 1994(a);
the 1985 Act means the Companies Act 1985(1);
Principal of a state contractor or prospective state contractor means (i) any individual who is a member of the board of directors of, or has an ownership interest of five per cent or more in, a state contractor or prospective state contractor, which is a business entity, except for an individual who is a member of the board of directors of a nonprofit organization, (ii) an individual who is employed by a state contractor or prospective state contractor, which is a business entity, as president, treasurer or executive vice president, (iii) an individual who is the chief executive officer of a state contractor or prospective state contractor, which is not a business entity, or if a state contractor or prospective state contractor has no such officer, then the officer who duly possesses comparable powers and duties, (iv) an officer or an employee of any state contractor or prospective state contractor who has managerial or discretionary responsibilities with respect to a state contract, (v) the spouse or a dependent child who is eighteen years of age or older of an individual described in this subparagraph, or (vi) a political committee established or controlled by an individual described in this subparagraph or the business entity or nonprofit organization that is the state contractor or prospective state contractor.
the 1992 Act means the Local Government Finance Act 1992;
the 1980 Act means the Highways Act 1980(a);
The End-User means the authorized user of the equipment/the Medical Superintendent/Head of the Department of the concerned specialty.
the 1989 Act means the Local Government and Housing Act 1989;
the 1961 Act means the Land Compensation Act 1961(a); “the 1965 Act” means the Compulsory Purchase Act 1965(b); “the 1980 Act” means the Highways Act 1980(c);
the 2009 Act means the Marine and Coastal Access Act 2009(j);
the 2006 Act means the National Health Service Act 2006;
the 2000 Act means the Financial Services and Markets Act 2000(b);
the 1965 Act means the Compulsory Purchase Act 1965(2);
the 1991 Act means the Water Industry Act 1991(a);
the 2008 Act means the Planning Act 2008;
the 1998 Act means the Social Security Act 1998;
laws relating to native title means laws applicable from time to time in the said State in respect of native title and includes the Native Title Act 1993 (Commonwealth);
the 1994 Regulations means the Conservation (Natural Habitats, &c.) Regulations 1994(14);