Common use of Payment and VAT Clause in Contracts

Payment and VAT. 11.1. The Contractor shall ensure that each invoice contains all appropriate references, including the date of the invoice, the Contractor’s name and address, the Contractor’s banking details, the relevant purchase order number supplied by the Authority, the agreed payment and a detailed breakdown of the Goods or Services supplied and that it is supported by any other documentation reasonably required by the Authority to substantiate the invoice. 11.2. The Contractor shall add VAT to the Contract Price at the prevailing rate as applicable. 11.3. The Authority shall pay all sums due to the Contractor within thirty (30) days of Receipt of a valid invoice, submitted monthly in arrears. Payment to be made by BACS and in accordance with Schedule H (Pricing and Payment). 11.4. The Contractor shall indemnify the Authority on a continuing basis against any liability, including any interest, penalties or costs incurred, levied, demanded or assessed on the Authority at any time in respect of the Contractor’s failure to account for or to pay any VAT relating to payments made to the Contractor under the Contract. Any amounts due under this clause 11.4 shall be paid by the Contractor to the Authority not less than five

Payment and VAT. 11.1. 11.1 The Contractor shall ensure that each invoice contains all appropriate references, including the date of the invoice, the Contractor’s name and address, the Contractor’s banking details, the relevant purchase order number supplied by the Authority, the agreed payment and a detailed breakdown of the Goods or Services supplied and that it is supported by any other documentation reasonably required by the Authority to substantiate the invoice. 11.2. 11.2 The Contractor shall add VAT to the Contract Price at the prevailing rate as applicable. 11.3. 11.3 The Authority shall pay all sums due to the Contractor within thirty (30) days of Receipt of a valid invoice, submitted monthly in arrears. Payment to be made by BACS and in accordance with Schedule H (Pricing and Payment). 11.4. 11.4 The Contractor shall indemnify the Authority on a continuing basis against any liability, including any interest, penalties or costs incurred, levied, demanded or assessed on the Authority at any time in respect of the Contractor’s failure to account for or to pay any VAT relating to payments made to the Contractor under the Contract. Any amounts due under this clause 11.4 shall be paid by the Contractor to the Authority not less than five