INPUT TAX Sample Clauses
The 'Input tax' clause defines the rules regarding the recovery of value-added tax (VAT) or similar taxes that a business pays on goods and services purchased for use in its operations. Typically, this clause outlines the circumstances under which a party can claim credit for input tax against its output tax liability, and may specify documentation or compliance requirements needed to support such claims. Its core practical function is to ensure that parties understand their rights and obligations concerning tax credits, thereby preventing disputes and facilitating accurate tax accounting.
INPUT TAX. All input tax for which the Company has claimed credit has been paid by the Company in respect of supplies made to it relating to goods or services used or to be used for the purpose of the Company’s business.
INPUT TAX. Where the Lease requires the Tenant to pay repay reimburse or provide any amount or other consideration in respect of a VAT supply to the Landlord the Tenant covenants to pay to the Landlord upon production of a valid VAT invoice a sum equal to the whole or a fair proportion of the VAT charge to the Landlord on that VAT supply as appropriate (any such proportion in the absence of manifest error to be conclusively determined by the Landlord's surveyor acting properly) less a like proportion of any part of that VAT for which the Landlord is entitled to credit under Section 24, 25 and 26 of the Value Added Tax 1994 (or any statutory re-enactment or modification thereof) or which the Landlord is otherwise able to recover. SCHEDULE 5 REGULATIONS 1 Parking is only permitted within designated areas and not on the estate roads or pedestrian areas. The Landlord may employ a wheel clamping or security company to enforce this regulation and a fee may be charged for the removal of the wheel clamp or for the release of the vehicle.
INPUT TAX. Where this Lease requires the Tenant to pay repay reimburse or provide any amount or other consideration in respect of a VAT Supply to the Landlord the Tenant will pay to the Landlord a sum equal to any VAT charged to the Landlord on that VAT Supply less any part of that VAT for which the Landlord obtains credit or which the Landlord is otherwise able to recover as input tax.
INPUT TAX. Any obligation of the Tenant hereunder to repay to the Landlord any expenditure incurred by the Landlord shall include an obligation to repay any VAT forming part of such expenditure but only to the extent that the Landlord is unable to recover such VAT from the Customs & Excise
INPUT TAX. Credits For the avoidance of doubt any indemnities given by a Party under this Agreement exclude any liability to indemnify the other Party to the extent of any GST input tax credits which may be claimed by the other Party in respect of the claim.