VAT Records. Each Seller may, on or before the date of Closing, obtain a direction from the relevant Tax Authority for the retention and preservation by it of any VAT records relating to its period of ownership of the relevant part of the Target Group and, where any such direction is obtained, that Seller shall:
VAT Records. The Companies and the UK Purchaser do not intend to make a joint application to HMRC for the UK Purchaser to be registered for VAT under the VAT registration number of the UK Company, under regulation 6(1)(d) of the VAT Regulations 1995. Accordingly, notwithstanding anything to the contrary set forth in this Agreement, the UK Company shall:
(i) retain and preserve all records of the Business of the UK Company which are required to be preserved under paragraph 6 of schedule 11 to VATA (the “VAT Records”) after Closing, for a period of not less than six years from Closing (or such longer period as may be required by law);
(ii) make the VAT Records available to the UK Purchaser or their agents for inspection (during normal business hours) or copying; and
(iii) give to the UK Purchaser, in such form as the UK Purchaser may reasonably require, such information contained in the VAT Records as the UK Purchaser may reasonably specify.
VAT Records. 14.6.1 The Seller shall, on request, make available any information and documents in its control required to establish to HM Revenue & Customs and any tribunal or court that no liability, or a reduced liability, arises on the Buyer or any other company under s.44 of VATA as a result of the sale of the Assets.
14.6.2 The Seller and Buyer intend that s.49 of VATA shall apply to the sale of the Assets under this agreement but they do not intend to make a joint application to HM Revenue & Customs for the Buyer to be registered for VAT under the VAT registration number of the Seller, pursuant to Regulation 6(1)(d) of the VAT Regulations 1995.
VAT Records. 1.1 The Seller, the Share Seller or any Business Seller may, on or before the Closing Date, obtain a direction from the relevant Tax Authority for the retention and preservation by it of any VAT records relating to its period of ownership of the Business or the Share (as the case may be) and, where any such direction is obtained, the Seller undertakes to, or to procure that the relevant Business Seller or the Share Seller (as the case may be) will:
1.1.1 preserve the records to which that direction relates in such a manner and for such period as may be required by the direction or by Applicable Law; and
1.1.2 allow the Purchaser, upon the Purchaser giving reasonable notice, reasonable access to and copies of such records where reasonably required by the Purchaser for its Tax purposes.
1.2 If no such direction as is referred to in paragraph 1.1 above is obtained before the Closing Date and any documents in the possession or control of a member of the Seller’s Group are required by law to be preserved by the Purchaser, the Seller shall, as soon as reasonably practicable after Closing, deliver such documents to the Purchaser.
VAT Records. The Seller shall procure that such VAT records shall be preserved for such periods as required by law, and during such periods shall:
(a) provide the Purchaser and its successors, at such times and in such form as the Purchaser or such successors may reasonably require, (i) such information contained in the records and (ii) such copies of documents forming part of such records as, in each case, the Purchaser and such successors may reasonably specify; and
(b) permit the Purchaser and its agents and the Purchaser's successors and their agents, at all reasonable times and subject to reasonable written notice, to inspect and take copies of such records.
VAT Records. Seller shall have the right to obtain (or to procure that the relevant member of Seller’s Group obtains) a direction from the relevant Tax Authority for the retention and preservation by it of any VAT records relating to its period of ownership of the relevant part of the Group and where such directions are obtained Seller shall (or shall procure that the relevant member of Seller’s Group shall) preserve any such records in such a manner and for such period as may be required by applicable Law and will allow Purchaser, upon Purchaser giving reasonable notice, reasonable access and copies of such records where reasonably required by Purchaser for Taxation purposes.
VAT Records. 19.1 The Sellers will preserve the VAT Records for such period as may be required by law and will permit the Buyer reasonable access to inspect and (at the Buyer's expense) copy the VAT Records. If ceasing to retain for that period the Sellers shall provide the Buyer with reasonable opportunity to take delivery of the VAT Records.
19.2 If, notwithstanding Clause 19.1, possession of any VAT Records passes to the Buyer, the Buyer shall, at its own cost, retain such VAT Records within the United Kingdom in good order and undertake forthwith on request by the Administrators, the Sellers or their agent and at the Buyer's cost deliver up such VAT Records.
VAT Records. To maintain VAT records and to account to HM Revenue and Customs for all VAT for which the Owner is liable under the Value Added Tax Xxx 0000 Schedules 9 and 10 or any legislation modifying or amending the same in respect of any supply in respect of the Estate or the grant of any right or interest in it or surrender of such interest or rights any service charge or other payments in the period allowed for payment, and
5.7.1 within 14 days of submission or receipt to supply the Owner with a copy of each VAT return or assessment;
5.7.2 to claim any refund due in respect of VAT promptly and to receive and bank the refund promptly when received;
VAT Records. 4.1 In this paragraph 4, "VAT Records Direction" means a direction pursuant to section 49(1)(b) VATA that the Seller may retain and preserve all VAT records in respect of the Property after the Date of Actual Completion.
4.2 The Seller is as soon as reasonably practicable to request a VAT Records Direction from HM Customs and Excise and:
4.2.1 if HM Customs and Excise grant it, the Seller may retain the VAT records relating to the Property and will preserve them for such period as the law requires. The Buyer may, at its own cost, inspect those records and take copies of them on reasonable notice during normal business hours; and
4.2.2 if HM Customs and Excise refuse it, within 10 working days of the refusal the Seller is to hand over the VAT records relating to the Property to the Buyer who will preserve them for such period as the law requires. The Seller may, at its own cost, inspect those records and take copies of them on reasonable notice during normal business hours.
VAT Records. The Vendor is in the process of seeking a direction from HM Customs & Excise under s.49(1)(b) Value Added Tax Xxx 0000 that the Vendor shall be entitled to retain the VAT
