Common use of Tax Accounting Clause in Contracts

Tax Accounting. If you are resident overseas and fail to apply for Exemption or if you are refused Exemption and we are obliged to submit quarterly returns to HM Revenue & Customs, we will make a charge of £25.00 + VAT (£30.00 inclusive of VAT) per quarterly returns and a further £100 + VAT (£120 inclusive of VAT) per annum for a Year End Submission.

Tax Accounting. If you are resident overseas and fail to apply for Exemption or if you are refused Exemption and we are obliged to submit quarterly returns to HM Revenue & Customs, we will make a charge of £25.00 fi25.00 + VAT (£30.00 fi30.00 inclusive of VAT) per quarterly returns and a further £100 fi100 + VAT (£120 fi120 inclusive of VAT) per annum for a Year End Submission.