Customs & Excise Sample Clauses
The Customs & Excise clause outlines the responsibilities of the parties regarding the payment and compliance with customs duties, taxes, and import/export regulations associated with the movement of goods across borders. Typically, this clause specifies which party is liable for customs clearance, payment of duties, and handling of any related documentation or permits. For example, it may state that the seller is responsible for export duties while the buyer handles import taxes. Its core function is to allocate financial and administrative responsibility for customs and excise matters, thereby preventing disputes and ensuring smooth cross-border transactions.
Customs & Excise. (c) Any reference herein to a party shall (where appropriate) be deemed, at any time when such party is treated as a member of a group for the purposes of section 43 of the VATA, to include a reference to the representative member of such group.
Customs & Excise. The Business Sellers have not provided to any employee or ex-employee employed in connection with the Business, or to any officer or ex-officer appointed in connection with the Business or the Business Assets any securities or interest in securities in respect of which the Purchaser will or would, if any prescribed circumstances arise, be required on or after Completion to operate PAYE or pay or account for any national insurance contributions by virtue of Chapters 2-5 inclusive of Part 7 of the Income Tax (Earnings and Pensions) ▇▇▇ ▇▇▇▇.
Customs & Excise. 1.2 Unless the context otherwise requires, words and expressions defined in the Agreement have the same meanings in this Deed as in the Agreement.
1.3 In this Deed, a reference to:
1.3.1 a statutory provision includes a reference to the statutory provision as modified or re-enacted or both from time to time whether before or after the date of this Deed and any subordinate legislation made under the statutory provision whether before or after the date of this Deed;
1.3.2 an Event occurring includes an Event deemed to have occurred for the purposes of any Tax;
1.3.3 an Event on or before Completion includes:
(a) any combination of Events only the first or some of which has or have taken place on or before Completion; and
(b) an Event which is deemed for the purposes of any Tax to have occurred on or before Completion;
1.3.4 income, profits or gains earned, accrued or received includes any income, profits or gains deemed to be earned, accrued or received for the purposes of any Tax;
1.3.5 income, profits or gains earned, accrued or received on or before a particular date or in respect of a particular period includes income, profits or gains which are deemed for the purposes of any Tax to have been earned, accrued or received on or before that date or in respect of that period.
1.4 In clause 2.1.4, "CONTROL" has the same meaning as in section 767A of the Taxes Act and "CONTROLLED" is to be construed accordingly.
Customs & Excise. The Company has complied fully and accurately with all applicable requirements of Part 11 of the Finance ▇▇▇ ▇▇▇▇ and other legislation, statutory instruments, regulations notices and practices on or connected with customs and/or excise. MISCELLANEOUS
Customs & Excise. There is no dispute or disagreement outstanding nor is any contemplated at the date of this agreement with any revenue authority regarding the proper method of computing the profits of the Business (or any part of it) for Tax purposes or the proper treatment for VAT purposes of any supplies of goods or services made (or treated as made) in the course of the Business and there are no circumstances which make it likely that any such dispute or disagreement will commence.
Customs & Excise per centum of the aggregate of the sums referred to in Clauses 1.75.1 to 1.75.4 (inclusive) as adjusted pursuant to this Agreement and so that (for the avoidance of doubt) any sum which is recovered under one sub-clause shall not also be recovered under another sub-clause of this Clause 1.75