Example sentences of "[noun sg] at the basic rate " in BNC.
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| 1 | The amount of building-society interest actually received is regarded as what is left after tax at the basic rate has been deducted from a larger amount . |
| 2 | When making that payment , Tradeco must deduct income tax at the basic rate and pay that to the Revenue . |
| 3 | All employees in 1986 earning more than £3640 p.a. ( the individual 's so-called ‘ personal allowance ’ ) are subject to an income tax at the basic rate of 29 per cent to a maximum of £17,200 . |
| 4 | If you pay income tax at the basic rate , then there will be nothing else for you to pay because the interest on Premier Savings is paid net of basic rate tax liability . |
| 5 | From 6 April 1992 eligible trainees are entitled to deduct tax at the basic rate from payments made for qualifying training . |
| 6 | Its plans would hit more than 1 million people , three quarters of whom pay tax at the basic rate . |
| 7 | Where a close company releases such a loan , the amount released is treated as income of the debtor which has suffered income tax at the basic rate . |
| 8 | Thus , under general principles if , for instance , A , B and C — trustees of an interest in possession trust — receive £100 rent which they must pay to Z beneficiary — the life tenant — ( after the deduction of their expenses ) the trustees can be assessed to income tax at the basic rate on the monies they received under Schedule A. The other fundamental case where trusteeship was reduced to something akin to agency is Archer-Shee v Baker ( 1927 ) 11 TC 749 . |
| 9 | If a capital sum is paid under this provision , so that it is assessed upon the settlor , it is treated as the income of the settlor for the year of payment and it shall be treated as income of such amount as after the deduction of tax at the basic rate and additional rate for that year , or the rate applicable to the trust from 1993/94 ( see TA 1988 , s686(1A) ) , would equal the sum or that part of that sum . |
| 10 | If the income has already borne tax at the basic rate relief will be given for that charge . |
| 11 | First , income tax at the basic rate shall not be charged by virtue of s739 in respect of income which has borne tax at the basic rate by deduction or otherwise . |
| 12 | First , income tax at the basic rate shall not be charged by virtue of s739 in respect of income which has borne tax at the basic rate by deduction or otherwise . |
| 13 | The reference to income tax at the basic rate not being charged in respect of income that has already borne tax at the basic rate is designed to ensure that there is no double taxation where the overseas entity receives income which has already borne UK tax . |
| 14 | The reference to income tax at the basic rate not being charged in respect of income that has already borne tax at the basic rate is designed to ensure that there is no double taxation where the overseas entity receives income which has already borne UK tax . |
| 15 | This ensures that tax at the basic rate is not charged again on such income which has already borne tax at the basic rate ( see Lord Chetwode v IRC ( 1977 ) 51 TC 647 per Sir John Pennycuick at 670H ) . |
| 16 | This ensures that tax at the basic rate is not charged again on such income which has already borne tax at the basic rate ( see Lord Chetwode v IRC ( 1977 ) 51 TC 647 per Sir John Pennycuick at 670H ) . |
| 17 | If the widening of the 20 per cent lower income tax band to £3,000 in 1993/94 is taken into account ( which will be worth a further £25 a year to all basic and higher rate taxpayers ) , then the net effect of this and the change in the MCA on a married man aged under 65 who pays tax at the basic rate of 25 per cent will be an increase in tax of £1.17 a week or about £61 a year . |
| 18 | The Inland Revenue Budget Press Release of 16 March 1993 dealing with the taxation of dividends , paras 24 – 29 , reads thus : 24 Where trustees of trusts in which a beneficiary has an interest in possession receive income , they pass it on to the beneficiary with a credit at the basic rate . |
| 19 | Under Reg 20 , an employer was to deduct tax at source at the basic rate where he had made a payment to an employee in respect of whom he had not received a code of authorisation , subject to certain conditions . |