Common use of Self Billing Clause in Contracts

Self Billing. In accordance with Notice 700 and Notice 700/62 issued by HM Revenue & Customs under section 29 and paragraph 2B Schedule 11 Value Added Tax ▇▇▇ ▇▇▇▇ and paragraphs 13 (3A) to (3F) of the Value Added Tax Regulations 1995, Vibrant shall issue a “self-billed invoice” in respect of all supplies of Publisher Site Access necessary for Content Products for the period of 12 months from the date of this Agreement or as agreed with Publisher or until the termination of this Agreement whichever is the later. In such circumstances, Vibrant shall complete self-billed invoices identifying Publisher’s name, address and VAT registration number, together with all other details constituting a full VAT invoice and each self-billed invoice shall include the statement that "The VAT shown is your output tax due to HM Revenue and Customs". Vibrant shall inform Publisher if the issue of self-billed invoices will be outsourced to a third party.