Payment of VAT. Where any taxable supply for VAT purposes is made under or in connection with this contract by one party to the other the payer shall, in addition to any payment required for that supply, pay such VAT as is chargeable in respect of it.
Payment of VAT. Where, under or pursuant to the terms of this Agreement, any party (the "SUPPLIER") makes a supply to another person (the "RECIPIENT") for VAT purposes and VAT is or becomes chargeable on such supply for which the Supplier is required to account to HM Revenue & Customs or another tax authority, the Recipient shall pay an additional amount to the Supplier equal to that VAT, provided that the Recipient has received a valid VAT invoice from the Supplier in respect of that supply.
Payment of VAT. 14.7.1 Without prejudice to clause 14.1, if, on or after Completion, HM Revenue & Customs determine after full disclosure of all material facts that VAT is chargeable in respect of the supply of all or any part of the Assets under this Agreement, the Seller shall notify the Buyer of that determination within five Business Days of its being so advised by HM Revenue & Customs.
14.7.2 If clause 14.7.1 applies then the Buyer shall pay to the Seller by way of additional consideration a sum equal to the amount of VAT (together with any interest or penalties) due within 14 Business Days of the Seller’s relevant notification to the Buyer and delivery by the Seller of a proper Tax invoice for VAT purposes.
Payment of VAT. The Council will pay any value added tax properly due to the Provider on any part of the outstanding monies due to the Provider under this Agreement.
Payment of VAT. The consideration for all supplies for VAT purposes made or deemed to be made under or in connection with this agreement shall be deemed to be exclusive of VAT. The party receiving the supply in question shall pay to the party making that supply (in addition to the consideration) all VAT for which the party making the supply is required to account to HMRC in relation to that supply. All VAT payable under this agreement shall be paid at the same time as the payment (or provision of consideration) to which the VAT relates, subject to delivery of a valid VAT invoice to the party receiving the supply from the party making the supply.
Payment of VAT. Tenant shall pay VAT on rent and service charges at -------------- the rate in force from time to time, at present 16 %. Tenant states that Tenant will perform entrepreneurial activities in the premises within the meaning of the German Turnover Tax Act and that Tenant will exclusively utilize the premises for turnovers which are subject to deduction of prior tax. Tenant shall deliver to Landlord, upon the latter's substantiated request a written declaration, for submission to the competent tax office by Landlord, to the effect that Tenant utilizes the premises exclusively for turnovers which do not exclude the deduction of prior tax. To the extent that Landlord must furnish further proof in this regard to the tax authorities, Tenant shall be obligated to furnish the pertinent proof to Landlord or directly to the tax authorities. Tenant agrees its intention that it will continue the entrepreneurial activities within the meaning of the Turnover Tax Law during the term hereof. In case it turns out during the term hereof, that the entrepreneurial activities of Tenant within the meaning of the Turnover Tax Act have ceased to be performed, Tenant shall be liable to compensate the damage to Landlord which is caused to Landlord by the fact that the tax authorities do not accept the fact that Tenant continues its entrepreneurial activities and, for this reason, Landlord can deduct prior tax. Landlord agrees to provide Tenant any documents which Tenant may require in order to deduct the turnover tax paid by Tenant to Landlord as pretax.
Payment of VAT. Where, pursuant to the terms of this Agreement, the Developer (for the purposes of this Clause 29.1, being the "Supplier") makes or is deemed to make a supply to the Tenant (for the purposes of this Clause 29.1, being the "Recipient") for Value Added Tax purposes and Value Added Tax is or becomes chargeable on such supply, the Recipient shall on demand pay to the Supplier (in addition to any other consideration for such supply) a sum equal to the amount of such Value Added Tax and the Supplier shall provide the Recipient with a Value Added Tax invoice in respect of such supply
Payment of VAT. (A) If HM Customs & Excise rule in writing that VAT is chargeable in respect of the supply of all or any part of the Business Assets under this Agreement, the Vendor shall give notice to the Purchaser of that ruling within five Business Days of receiving the ruling from HM Customs & Excise. The Purchaser shall within 10 Business Days after the Vendor notifies the Purchaser of the determination pay to the Vendor (against delivery by the Vendor of an appropriate tax invoice for VAT purposes and a certified copy of the ruling) a sum equal to the amount of VAT determined by HM Customs & Excise to be so chargeable subject to the receipt of a valid VAT invoice.
(B) If the Purchaser disagrees with the ruling of H.M. Customs and Excise referred to in sub-clause (A) above, it may, within ten Business Days of being notified by the Vendor of that ruling, give notice to the Vendor that it requires the Vendor to obtain a review by the Commissioners of H.M. Customs and Excise of that ruling and the Vendor concerned shall, as soon as practicable, request the Commissioners to undertake that review.
(C) Immediately upon the Vendor being advised by the Commissioners of H.
Payment of VAT. (a) CBI shall or shall procure that each relevant Constellation Group Company contributes to the Representative Member such proportion of any VAT for which the Representative Member is accountable as is properly attributable to supplies, acquisitions and importations (supplies) made by each relevant Constellation Group Company whilst a member of the VAT Group (less such amount of deductible input tax as is properly attributable to such supplies).
(b) Any contribution required to be made under clause 21.2(a) must be made in cleared funds on the day which is the later of five Business Days after demand is made therefore, and two Business Days before the day on which the Representative Member is required to account for such VAT to HMRC.
(c) The Subscribers shall pay, or shall procure that there is paid, to CBI (on behalf of each Relevant Constellation Group Company) an amount equivalent to such proportion of any repayment of VAT received by the Representative Member from HMRC or of any credit obtained by reference to an excess of deductible input tax over output tax that is properly attributable to supplies made to and by each relevant Constellation Group Company whilst a member of the VAT Group, before the date that is five Business Days after its receipt by, or offset against a liability of, the Representative Member.
Payment of VAT. (a) Subject to Clause 28.3(b) below, each Party shall pay to the other Party any amount in respect of VAT properly chargeable in respect of any supply made to it under this Project Agreement provided that it shall first have received from the other Party a valid VAT Invoice in respect of that supply.
(b) In relation to any supplies where consequent on Section 16(3) of the VAT Act or otherwise the Authority is liable to account to the relevant Taxation Authority for the VAT arising on the supply, PPP Co. shall not charge any amount in respect of VAT to the Authority and any invoice raised by PPP Co. charging an amount in respect of VAT on such supply is not a valid VAT Invoice.
(c) Where Clause 28.3(b) above applies, PPP Co. will issue to the Authority all invoices or documents required under Law and agree to provide the Authority with all necessary information and assistance to enable the Authority to comply with the applicable Law, including pursuant to the VAT Act and to account for the correct amount of VAT.
(d) Any overpayment by the Authority of any amount in respect of VAT to PPP Co. will be a sum of money recoverable for the purposes of Clause 25 (Payment).
