Common use of Exclusive of VAT Clause in Contracts

Exclusive of VAT. Each and every element of consideration (including monetary payments and the provision of non-monetary consideration) due under this Agreement from the Tenant is exclusive of any VAT and where any such payment is the consideration for a taxable supply for VAT purposes, the consideration is to be increased by the amount of VAT which is chargeable on that that supply and the Tenant will pay to the Landlord such VAT upon receipt of a valid VAT invoice addressed to the Tenant.