Common use of Payment of amounts in respect of VAT Clause in Contracts

Payment of amounts in respect of VAT. Where: (a) any person that is a party to any Finance Document (such person, being the "Supplier" for the purposes of this Clause 13) makes a supply to another person that is also a party to that Finance Document (such person being the "Recipient" in relation to that supply for the purposes of this Clause 13) for VAT purposes pursuant to that Finance Document; (b) the sum which is the consideration (in whole or in part) for that supply is (or, if the consideration for that supply were in cash, would be) deemed to be exclusive of VAT in accordance with Clause 13.1 (Sums payable exclusive of VAT); and (c) the Supplier is required to account to any relevant Tax Authority for any VAT chargeable on that supply, the Recipient shall pay to the Supplier an additional amount equal to that VAT, such additional amount to be paid at the same time as paying any other consideration for that supply, save that where the consideration for that supply does not consist of, or wholly of, money, such sum shall be paid no later than five Business Days before the last day on which the Supplier can account to the relevant Tax Authority for the VAT due in respect of that supply without incurring interest or penalties and the Supplier shall (in either case) provide the Recipient with a valid VAT invoice in respect of that supply.

Payment of amounts in respect of VAT. Where: (a) 2.3.1 any person that is a party to any Finance Transaction Document (such person, being the "a “Supplier" ” for the purposes of this Clause 13Paragraph 2) makes a supply to another person that is also a party to that Finance Transaction Document (such person being person, the "“Recipient" ” in relation to that supply for the purposes of this Clause 13Paragraph 2) for VAT purposes pursuant to that Finance Transaction Document; (b) 2.3.2 the sum which is the consideration (in whole or in part) for that supply is (or, if the consideration for that supply were in cash, would be) deemed to be exclusive of VAT in accordance with Clause 13.1 Paragraph 2.1 (Sums payable exclusive of VAT)) above; and (c) 2.3.3 the Supplier is required to account to any relevant Tax Authority for any VAT chargeable on that supply, the Recipient shall pay to the Supplier an additional amount equal to that VAT, such additional amount to be paid at the same time as paying any other consideration for that supply, save that where the consideration for that supply does not consist of, or wholly of, money, such sum shall be paid no later than five (5) Business Days before the last day on which the Supplier can account to the relevant Tax Authority for the VAT due in respect of that supply without incurring interest or penalties and the Supplier shall (in either case) provide the Recipient with a valid VAT invoice in respect of that supply.

Payment of amounts in respect of VAT. Where: (aA) any person that is a party to any Finance Transaction Document (such person, being the "a “Supplier" ” for the purposes of this Clause 13paragraph 2 (VAT)) makes a supply to another person that is also a party to that Finance Transaction Document (such person being person, the "“Recipient" ” in relation to that supply for the purposes of this Clause 13paragraph 2) for VAT purposes pursuant to that Finance Transaction Document; (bB) the sum which is the consideration (in whole or in part) for that supply is (or, if the consideration for that supply were in cash, would be) deemed to be exclusive of VAT in accordance with Clause 13.1 paragraph 2.1 (Sums payable exclusive of VAT); and (cC) the Supplier is required to account to any relevant Tax Authority for any VAT chargeable on that supply, the Recipient shall pay to the Supplier an additional amount equal to that VAT, such additional amount to be paid at the same time as paying any other consideration for that supply, save that where the consideration for that supply does not consist of, or wholly of, money, such sum shall be paid no later than five Business Days before the last day on which the Supplier can account to the relevant Tax Authority for the VAT due in respect of that supply without incurring interest or penalties and the Supplier shall (in either case) provide the Recipient with a valid VAT invoice in respect of that supply.