Example sentences of "income [noun sg] at the [adj] rate " in BNC.
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| 1 | For many people this has the advantage of convenience but also for those who pay income tax at the standard rate there is the advantage of a partially hidden subsidy . |
| 2 | Thirdly , the composite tax arrangements with the Inland Revenue , whereby a depositor 's liability to income tax at the standard rate on interest payments was settled by the society , were attractive to many depositors . |
| 3 | J. Mill of the Internal Revenue Service is instructed to collect the income tax at the lower rate but he may seek to maintain revenue , and hence the status of his agency , by closing loopholes . |
| 4 | In the same way , if your spouse pays income tax at the higher rate and you pay tax at only the ( lower ) basic rate , then in order to obtain Higher Rate Tax Relief , your spouse should enter into the covenant , or into a Joint Deed of Covenant with you , and he/she should actually make the covenant payments . |
| 5 | Similarly , if your spouse pays income tax at the higher rate and you pay tax at only the ( lower ) basic rate , then your spouse should make the Gift Aid payment in order to obtain the higher rate relief . |
| 6 | The shareholders are treated as having received a distribution of £100 on which tax of £20 has been paid and , assuming they will be liable for income tax at the higher rate , will have a further £20 of income tax to pay ( see s14 TA 1988 and sections 77 to 79 of the 1993 Finance Act ) . |
| 7 | When making that payment , Tradeco must deduct income tax at the basic rate and pay that to the Revenue . |
| 8 | 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 . |
| 9 | 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 . |
| 10 | 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 . |
| 11 | 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 . |
| 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 . |