TMA 1970 definition
Examples of TMA 1970 in a sentence
When letting property and collecting rents for Landlords overseas, the Agent is obliged by the Taxes Management Act (TMA) 1970 and the Taxation of Income from Land (non-residents) Regulations 1995 to deduct tax (at the basic tax rate) to cover any tax liability, unless the landlord has been issued a tax exemption certificate by Inland Revenue to receive rent gross.
OVERSEAS CLIENTS When letting property and collecting rents for Landlords overseas, the Agent is obliged by the Taxes Management Act (TMA) 1970 and the Taxation of Income from Land (Non-Residents) Regulations 1995 to deduct tax (at the basic tax rate) to cover any tax liability, unless the Landlord has been authorised in writing by Inland Revenue to receive rent gross.
When letting property and collecting rents for landlords living overseas (non-UK resident landlords), the Agency is obliged by the Taxes Management Act (TMA) 1970 and the Taxation of Income from Land (Non-Residents) Regulations 1995 to deduct monies (at the basic tax rate) to cover any tax liability, unless the Landlord has been authorised in writing by HM Revenue & Customs to receive rent gross.
When letting property and collecting rents for landlords overseas, the Agent is obliged by the Taxes Management Act (TMA) 1970 and the Taxation of Income from Land (Non-Residents) Regulations 1995 to deduct tax (at the basic tax rate) to cover any tax liability, unless the Landlord has specific approval from the Inland Revenue to receive the rent gross.
When letting property and collecting rents for landlords resident outside the United Kingdom, the Agent is obliged by the Taxes Management Act (TMA) 1970 and the Taxation of Income from Land (Non-Residents) Regulations 1995 to deduct tax (at the basic rate) to cover any tax liability, unless the Agent has been notified in writing by Inland Revenue that the landlord is eligible to receive rent gross.
No EUE Company has paid since inception or will become liable to pay any penalty, fine, surcharge or interest charged by virtue of the provisions of the TMA 1970 or any other applicable law.
When letting property and collecting rents for landlords overseas, the Agent is obliged by the Taxes Management Act (TMA) 1970 and the Taxation of Income from Land (Non-Residents) Regulations 1995 to deduct tax (at the basic tax rate) to cover any tax liability, unless the landlord has been authorised in writing by the Inland Revenue to receive rent gross.
When letting a property, and collecting rents for landlords overseas, the Agent is obliged by the Taxes Management Act (TMA) 1970 and the Taxation of Income from Land (Non-Residents) Regulations 1995 to deduct tax (at the basic tax rate) to cover any tax liability, unless the Landlord has been authorised in writing by the Inland Revenue.
OVERSEAS RESIDENTS When letting property and collecting rents for Landlords overseas, the Agent is obliged by the Taxes Management Act (TMA) 1970 and the taxation of income from Land (nonresidents) Regulations 1995 to deduct tax (at the basic tax rate) to cover any tax liability, unless the landlord has been authorized in writing by Inland Revenue to receive rent gross.
This paragraph applies if the cleared income and gains are included in full in a return or amended return made by P under Part 2 of TMA 1970 (returns of income and gains) for the tax year in which they should be brought into account.