VAT Amount definition
Examples of VAT Amount in a sentence
To the extent HMRC or the other Tax Authority determines that NortonLifeLock (or another member of the NortonLifeLock Group) is not entitled to recover that VAT, Avast shall refund the Recoverable VAT Amount if already received by it to NortonLifeLock.
If under this Agreement one Party makes a supply to the other Party for VAT purposes and VAT is or becomes chargeable on that supply, then the Party receiving the supply shall pay the Party making the supply a sum equal to the amount of VAT chargeable (the "VAT Amount") in addition to the consideration payable for the supply.
The Party receiving the supply shall pay the VAT Amount on production of a valid VAT invoice in respect of the supply.
The Company shall pay the VAT Amount at the same time as paying the consideration payable for the supply.
In the event the A/R VAT Amount for such calendar quarter is greater than the A/P VAT Amount for such calendar quarter, then Purchaser shall pay an amount in cash equal to the amount of the excess of such A/R VAT Amount over such A/P VAT Amount to Seller (as Seller shall direct by written notice delivered to Purchaser) by wire transfer of immediately available funds within thirty (30) days of the end of the applicable calendar quarter.