Common use of Construction Industry Scheme Clause in Contracts

Construction Industry Scheme. 27.1 In this Clause 27 (Construction Industry Scheme), the following definitions shall apply: 27.2 The Developer warrants to Homes England that it holds gross payment status for the purposes of the CIS (pursuant to paragraph CISR13040 of the Construction Industry Scheme Reform manual or otherwise) such that the Developer is entitled to receive payments under Construction Contracts without any deduction under the CIS. The Developer undertakes to notify Homes England within two (2) Business Days of ceasing to hold gross payment status. 27.3 The Developer will, on demand, pay to Homes England an amount equal to any tax liability, interest or penalties imposed on Homes England under the CIS as a result of, or in connection with, any payments made by Homes England pursuant to this Agreement, together with any reasonable costs

Construction Industry Scheme. 27.1 In this Clause 27 (Construction Industry Scheme), the following definitions shall apply: 27.2 The Developer warrants to Homes England that it holds gross payment status for the purposes of the CIS (pursuant to paragraph CISR13040 of the Construction Industry Scheme Reform manual or otherwise) such that the Developer is entitled to receive payments under Construction Contracts without any deduction under the CIS. The Developer undertakes to notify Homes England within two (2) Business Days of ceasing to hold gross payment status. 27.3 The Developer will, on demand, pay to Homes England an amount equal to any tax liability, interest or penalties imposed on Homes England under the CIS as a result of, or in connection with, any payments made by Homes England pursuant to this Agreement, together with any reasonable costscosts incurred by Homes England in connection with such tax liability, interest or penalty.

Construction Industry Scheme. 27.1 In this Clause 27 (Construction Industry Scheme), the following definitions shall apply: 27.2 The Developer warrants to Homes England that it holds gross payment status for the purposes of the CIS (pursuant to paragraph CISR13040 of the Construction Industry Scheme Reform manual or otherwise) such that the Developer is entitled to receive payments under Construction Contracts without any deduction under the CIS. The Developer undertakes to notify Homes England within two (2) Business Days of ceasing to hold gross payment status. 27.3 The Developer will, on demand, pay to Homes England an amount equal to any tax liability, interest or penalties imposed on Homes England under the CIS as a result of, or in connection with, any payments made by Homes England pursuant to this Agreement, together with any reasonable costscosts incurred by Homes England in connection with such tax liability, interest or penalty.