VALUE ADDED TAX AND STAMP DUTY Sample Clauses

VALUE ADDED TAX AND STAMP DUTY. 3.5.1 All amounts expressed in this Agreement as payable by the Purchasers are expressed exclusive of any VAT which may be chargeable on those amounts. 3.5.2 EFPL and the Purchasers intend that, and shall use all reasonable endeavours to secure that, the sale and transfer of the Business and the Assets pursuant to this Agreement shall (pursuant to Article 5 Value Added Tax (Special Provisions) Order 1995) be treated as neither a supply of goods nor a supply of services for the purpose of VAT, but as a transfer of a business as a going concern (TOGC). 3.5.3 EFPL shall (subject to the Purchasers complying with their obligations under this Clause 3), within one month of the date of this Agreement, submit to Customs a written request (in a form agreed between EFPL and the Purchasers and disclosing therein all material facts) for confirmation that Customs will treat the sale and transfer of the Business and Assets pursuant to this Agreement as a TOGC. 3.5.4 The Purchasers represent, warrant and undertake to EFPL as follows: (i) that they will on Completion be registered taxable persons for the purposes of VAT and they will on or before Completion have made and notified to Customs an election in respect of the Property pursuant to paragraph 2 schedule 10 VATA (delivering copies to EFPL on or before Completion); (ii) following Completion that they intend to use the Assets to carry on the same kind of business as that carried on by EFPL at the Property prior to Completion; and (iii) there will be no significant break in the normal trading pattern of the Business immediately after Completion.
Sample 1
AutoNDA by SimpleDocs

Related to VALUE ADDED TAX AND STAMP DUTY

  • Value Added Tax (VAT Where appropriate, VAT will be added to the fees or charges on your product account.

  • COSTS AND STAMP DUTY Each party shall bear its own costs in relation to the preparation and administration of this Agreement. The Recipient is responsible for paying any stamp duty payable on this Agreement and on any transaction undertaken or instrument or other document executed to give effect to any provision of this Agreement.

  • Value Added Tax (a) All amounts set out, or expressed to be payable under a Finance Document by any Party to a Finance Party which (in whole or in part) constitute the consideration for VAT purposes shall be deemed to be exclusive of any VAT which is chargeable on such supply, and accordingly, subject to paragraph (c) below, if VAT is chargeable on any supply made by any Finance Party to any Party under a Finance Document, that Party shall pay to the Finance Party (in addition to and at the same time as paying the consideration) an amount equal to the amount of the VAT (and such Finance Party shall promptly provide an appropriate VAT invoice to such Party). (b) If VAT is chargeable on any supply made by any Finance Party (the “Supplier”) to any other Finance Party (the “Recipient”) under a Finance Document, and any Party (the “Relevant Party”) is required by the terms of any Finance Document to pay an amount equal to the consideration for such supply to the Supplier (rather than being required to reimburse the Recipient in respect of that consideration), such Party shall also pay to the Supplier (in addition to and at the same time as paying such amount) an amount equal to the amount of such VAT. The Recipient will promptly pay to the Relevant Party an amount equal to any credit or repayment from the relevant tax authority which it reasonably determines relates to the VAT chargeable on that supply. (c) Where a Finance Document requires any Party to reimburse a Finance Party for any costs or expenses, that Party shall also at the same time pay and indemnify the Finance Party against all VAT incurred by the Finance Party in respect of the costs or expenses to the extent that the Finance Party reasonably determines that neither it nor any other member of any group of which it is a member for VAT purposes is entitled to credit or repayment from the relevant tax authority in respect of the VAT.

  • TAXES AND STAMP DUTIES The Issuer agrees to pay any and all stamp and other documentary taxes or duties which may be payable in connection with the execution, delivery, performance and enforcement of this Agreement.

  • Stamp Duties As at the date of this Agreement, no stamp or registration duty or similar Tax or charge is payable in its jurisdiction of incorporation in respect of any Finance Document.

  • Stamp Duty The State shall exempt the following instruments from any stamp duty which, but for the operation of this clause, would or might be assessed as chargeable on them:

  • Value Added Taxes The Rent and other amounts payable by LESSEE under this Lease are exclusive of any value added tax, turnover tax or similar tax or duty.

  • VAT (a) All amounts set out or expressed in a Finance Document to be payable by any Party to a Finance Party which (in whole or in part) constitute the consideration for a supply or supplies for VAT purposes shall be deemed to be exclusive of any VAT which is chargeable on such supply or supplies, and accordingly, subject to paragraph (b) below, if VAT is or becomes chargeable on any supply made by any Finance Party to any Party under a Finance Document, that Party shall pay to the Finance Party (in addition to and at the same time as paying any other consideration for such supply) an amount equal to the amount of such VAT (and such Finance Party shall promptly provide an appropriate VAT invoice to such Party). (b) If VAT is or becomes chargeable on any supply made by any Finance Party (the Supplier Party) to any other Finance Party (the Recipient) under a Finance Document, and any Party other than the Recipient (the Subject Party) is required by the terms of any Finance Document to pay an amount equal to the consideration for such supply to the Supplier Party (rather than being required to reimburse the Recipient in respect of that consideration), such Party shall also pay to the Supplier Party (in addition to and at the same time as paying such amount) an amount equal to the amount of such VAT. The Recipient will promptly pay to the Subject Party an amount equal to any credit or repayment obtained by the Recipient from the relevant tax authority which the Recipient reasonably determines is in respect of such VAT. (c) Where a Finance Document requires any Party to reimburse or indemnify a Finance Party for any cost or expense, that Party shall reimburse or indemnify (as the case may be) such Finance Party for the full amount of such cost or expense, including such part thereof as represents VAT, save to the extent that such Finance Party reasonably determines that it is entitled to credit or repayment in respect of such VAT from the relevant tax authority. (d) Any reference in this Clause 14.6 to any Party shall, at any time when such Party is treated as a member of a group for VAT purposes, include (where appropriate and unless the context otherwise requires) a reference to the representative member of such group at such time (the term "representative member" to have the same meaning as in the Value Added Tax Act 1994).

  • Extra Duty Additional salary in excess of the scheduled salary may be paid to personnel who, due to the nature of their particular assignment, are required to give extra time, possess specialized training and acquire additional training. Personnel identified to receive such extra salary and the amount to be received will be recommended by the Superintendent of Schools subject to the approval of the Board of Education.

  • Goods and Services Tax (GST (a) For the purposes of clause 9:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!