Capital Goods Scheme Sample Clauses
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Capital Goods Scheme. There are set out in the Disclosure Letter with express reference to this Warranty full details of each of the assets of the Company of a kind described in part XV of the Value Added Tax Regulations 1995 (SI No 2518) (adjustments to the deduction of input tax on capital items) in relation to which that part could operate to adjust the amount of input tax deducted, including in particular:-
(a) a description (including, in the case of land, or a building or part of a building the nature of the tenure and the time that the tenure has to run), the date of acquisition (or, in the case of a lease, the date of grant) and the price paid and VAT upon the purchase or acquisition of the capital item in question;
(b) the proportion of the VAT on the purchase price for which credit has been claimed, including any adjustments made under part XV of the Value Added Tax Regulations 1995. STAMP DUTY
Capital Goods Scheme. None of the Assets agreed to be sold under this Agreement is a capital item the input tax on which could be subject to adjustment in accordance with the provisions of Part XV of the Value Added Tax Regulations 1995.
Capital Goods Scheme. The Disclosure Letter sets out full details of all adjustments that have arisen or could arise on the Company under Part XV Value Added Tax Regulations 1995.
Capital Goods Scheme. The Company does not own and has not at any time within the past two years owned any assets which are or were capital items subject to actual or potential adjustment under the Capital Goods Scheme under Part XV of the VAT Regulations 1995.
Capital Goods Scheme. 5.1 Where applicable, a Business Seller shall provide to the Purchaser prior to Closing details of each material item relating to the Businesses which that Business Seller uses in the course or furtherance of its business and for the purposes of that business, otherwise than solely for the purpose of selling the item, being items to which Part XV of the Value Added Tax Regulations 1995 applies and in respect of which the period of adjustment will not have expired by Closing (“Capital Business Assets”). In particular, the relevant Business Seller shall provide:
5.1.1 the identity (including in the case of leasehold property, the term of years), date of acquisition and cost of such Capital Business Assets; and
5.1.2 the proportion of the VAT input tax for which credit has been claimed (either provisionally or finally in a tax year and stating which) in respect of such Capital Business Assets.
Capital Goods Scheme. The Disclosure Letter sets out full details of any assets of each Group Company which are capital items for the purposes of Part XV (Adjustments to the Deduction of Input Tax on Capital Goods) Value Added Tax Regulations 1995 together with, in relation to each such asset, details of:
(a) the date of commencement of the first adjustment interval;
(b) the total amount of input tax attributable to the asset which may be subject to adjustments; and
(c) the amounts of any adjustments to input tax made at the end of the first and any subsequent adjustment intervals.
Capital Goods Scheme. As far as the UK Seller is aware, none of the UK Assets is an Item for the purposes of Part XV of the Value Added Tax Regulations 1995.
Capital Goods Scheme. The Disclosure Letter contains full details of any assets of the Company to which the provisions of Part XV Value Added Tax Regulations 1995 (the Capital Goods Scheme) apply and in particular:
11.7.1 the identity (including in the case of leasehold property, the term of years), date of acquisition and cost of the asset; and
11.7.2 the proportion of input tax for which credit has been claimed (either provisionally or finally in a tax year and stating which).
Capital Goods Scheme. Each Business Transferor (where relevant) shall set out in the Disclosure Letter details of each material item relating to the Businesses which that Business Transferor uses in the course or furtherance of its business and for the purposes of that business, otherwise than solely for the purpose of selling the item, being items to which Part XV of the Value Added Tax Regulations 1995 applies and in respect of which the period of adjustment will not have expired by Closing.
Capital Goods Scheme. In the case of each capital item (if any) within the meaning of Part XV of the Value Added Tax Regulations 1995 ("Part XV") in relation to which a liability under Part XV has arisen or could in the future arise on the Company, the Disclosure Letter sets out:
12.9.1. particulars of past adjustments under Part XV; and
12.9.2. particulars of all matters to date which could be relevant in determining the future adjustments under Part XV.