Change in VAT definition

Change in VAT means the enactment or modification of any Law or Legal Requirement that provides that supplies to be made by the PPP Co as contemplated in this Agreement or to the PPP Co by its sub-contractors are exempt from VAT or subject to VAT at a different rate and that input tax incurred and attributable to such supplies ceases to be recoverable either in whole or in part by the PPP Co.
Sample 1

Examples of Change in VAT in a sentence

  • Change in VAT rate between the conclusion of a detailed settlement and the issue of a final certificate2.10 Should there be a change in the rate between the conclusion of a detailed assessment and the issue of the final costs certificate, any interested party may apply for the detailed assessment to be varied so as to take account of any increase or reduction in the amount of tax payable.

  • Change in VAT burden due to TRAIN expressed as a percentage of household income and in absolute peso terms, by income decile 15Table 8.

  • Attention must be paid to where the tanks are located so access is not impaired.

  • Minute 234 (25/11/2010) Change in VAT Rate January 2011 (waiving of call-in).

  • Treatment n Baseline Mean Change p-valueGroup Mean(% Change) Baseline to Week 24PlaceboDifference (Placebo -Orlistat) 0.227 0.0244[Mean Change in VAT (kg) from Baseline to Week 24] Additionally, there was a significant reduction in mean body weight from baseline to week 24 in both orlistat- and placebo-treated subjects (-5.96kg and -3.91kg, respectively), but a significantly greater body weight loss was observed in the orlistat group (p< 0.05).

  • Accordingly, it may prove value for money if this “risk” is passed to the Authority (as it is not a risk from a Government perspective) irrespective of whether it arises as a result of a Change in VAT or as a result of a pre-existing Law/practice.

  • DistrictTable 4.7 Change in VAT and PAYE Enterprises17 4.20 The latest figures show 8,705 VAT registered and/or PAYE-based enterprises in Wirral in 2017, equivalent to almost a quarter (22.9 percent) of all the VAT registered and/or PAYE-based enterprises in Merseyside, representing an increase of 2.5 percent since 2016.

  • Change in VAT Rate, and Anti-Forestalling LegislationThe return to a standard rate of VAT of 17.5% from 1 January 2010 is confirmed.

  • Change in VAT Rule 55.Where pursuant to any enactment there is a change in the VAT charged on any supply, including a change to or from no VAT being charged on such supply, a retailer using any scheme shall take such steps relating to that scheme as are directed in any notice applicable to him or as may be agreed between him and the Commissioner General.

  • VAT tax deferrals at the beginning of January 2021 amounted to EUR 561.1 million for taxpayers who were given the possibility of deferring the payment of VAT liability administered by the STI from 16 March to 31 December 2020 without charging any default interest and carrying any recovery actions.• Change in VAT liability.

Related to Change in VAT

  • Change in Use means altering the purpose of an existing room, within the facility, that requires structural changes.

  • Change in Tax Law means the enactment, promulgation, execution or ratification of, or any change in or amendment to, any law (or in the application or official interpretation of any law) that occurs on or after the date on which the relevant Transaction is entered into.

  • Change in Management means the failure of at least two (2) of Xxxxx X. Xxxxx, D. Xxxxx Xxxx or Xxxx X. Xxxxxxxxx to continue to be active on a daily basis in the management of the Borrower provided that if any such individuals shall die or become disabled the Borrower shall have sixty (60) days to retain a replacement executive of comparable experience which is reasonably satisfactory to the Administrative Agent.

  • Change in 1940 Act Law shall have the meaning set forth in the definition of "Investment Company Event."

  • Material Change in Formula means the occurrence since the Launch Date of a material change in the formula for, or the method of, calculating the Reference Price.

  • Change in Tax Classification has the meaning set forth in Section 5.2(h).

  • Change in Capitalization means any increase or reduction in the number of Shares, or any change (including, but not limited to, in the case of a spin-off, dividend or other distribution in respect of Shares, a change in value) in the Shares or exchange of Shares for a different number or kind of shares or other securities of the Company or another corporation, by reason of a reclassification, recapitalization, merger, consolidation, reorganization, spin-off, split-up, issuance of warrants or rights or debentures, stock dividend, stock split or reverse stock split, cash dividend, property dividend, combination or exchange of shares, repurchase of shares, change in corporate structure or otherwise.

  • Change in service means the designation of a new provider of a telecommunications service to a customer, including the initial selection of a service provider, and includes the addition or deletion of a telecommunications service for which a separate charge is made to a customer account.

  • Disciplinary change in placement means a suspension or removal from a student’s current educational placement that is either:

  • Change in Duty Station means moving an employee to a duty station located within 50 miles, by highway, of his current duty station.

  • Change in Control Transaction means the occurrence of any of the following events:

  • Change in Status means any of the events described below, as well as any other events included under subsequent changes to Code section 125 or regulations issued thereunder, which the Plan Administrator, in its sole discretion and on a uniform and consistent basis, determines are permitted under IRS regulations and under this Plan:

  • Change in the Control means any change in any person(s) who directly exercise effective control over the Grantee.

  • A "CHANGE IN CONTROL means an Ownership Change Event or a series of related Ownership Change Events (collectively, the "TRANSACTION") wherein the stockholders of the Company immediately before the Transaction do not retain immediately after the Transaction, in substantially the same proportions as their ownership of shares of the Company's voting stock immediately before the Transaction, direct or indirect beneficial ownership of more than fifty percent (50%) of the total combined voting power of the outstanding voting stock of the Company or the corporation or corporations to which the assets of the Company were transferred (the "TRANSFEREE CORPORATION(S)"), as the case may be. For purposes of the preceding sentence, indirect beneficial ownership shall include, without limitation, an interest resulting from ownership of the voting stock of one or more corporations which, as a result of the Transaction, own the Company or the Transferee Corporation(s), as the case may be, either directly or through one or more subsidiary corporations. The Board shall have the right to determine whether multiple sales or exchanges of the voting stock of the Company or multiple Ownership Change Events are related, and its determination shall be final, binding and conclusive.

  • Change in Circumstance means any significant change to you, including but not limited to:

  • Tax Law Change means a change in or proposed change in, or amendment or proposed amendment to, the laws or regulations of the United Kingdom or any political subdivision or any authority thereof or therein having the power to tax, including any treaty to which the United Kingdom is a party, or any change in the application of official or generally published interpretation of such laws or regulations, including a decision of any court or tribunal, or any interpretation or pronouncement by any relevant tax authority that provides for a position with respect to such laws or regulations or interpretation thereof that differs from the previously generally accepted position in relation to similar transactions, which change or amendment becomes, or would become, effective on or after the Issue Date;

  • Change of Control Transaction means the occurrence after the date hereof of any of (a) an acquisition after the date hereof by an individual or legal entity or “group” (as described in Rule 13d-5(b)(1) promulgated under the Exchange Act) of effective control (whether through legal or beneficial ownership of capital stock of the Company, by contract or otherwise) of in excess of 33% of the voting securities of the Company (other than by means of conversion or exercise of the Debentures and the Securities issued together with the Debentures), (b) the Company merges into or consolidates with any other Person, or any Person merges into or consolidates with the Company and, after giving effect to such transaction, the stockholders of the Company immediately prior to such transaction own less than 66% of the aggregate voting power of the Company or the successor entity of such transaction, (c) the Company sells or transfers all or substantially all of its assets to another Person and the stockholders of the Company immediately prior to such transaction own less than 66% of the aggregate voting power of the acquiring entity immediately after the transaction, (d) a replacement at one time or within a three year period of more than one-half of the members of the Board of Directors which is not approved by a majority of those individuals who are members of the Board of Directors on the Original Issue Date (or by those individuals who are serving as members of the Board of Directors on any date whose nomination to the Board of Directors was approved by a majority of the members of the Board of Directors who are members on the date hereof), or (e) the execution by the Company of an agreement to which the Company is a party or by which it is bound, providing for any of the events set forth in clauses (a) through (d) above.

  • Change in Control Date means the date on which a Change in Control occurs.

  • Section 409A Change in Control means a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in Section 409A(a)(2)(A)(v) of the Code and Treasury Regulations Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder).

  • Change in condition means a change in physical condition of the employee as well as any change

  • Change in Control Termination means an “Involuntary Termination Without Cause” or “Resignation for Good Reason,” either of which occurs on, or within three (3) months prior to, or within twelve (12) months following, the effective date of a Change in Control, provided that any such termination is a “separation from service” within the meaning of Treasury Regulation Section 1.409A-1(h). Death and disability shall not be deemed Change in Control Terminations.

  • Change in Duties means any one or more of the following:

  • 409A Change in Control means a “Change in Control” which also constitutes a change in ownership or effective control of the Company or a change in the ownership of a substantial portion of the assets of the Company, all within the meaning of § 409A of the Internal Revenue Code of 1986, as amended (the “Code”).

  • Material Change in Content means the occurrence since the Launch Date of a material change in the content, composition or constitution of the Futures Contract or the Commodity.

  • Change in Control means the occurrence of any of the following events:

  • Change in Ownership means change of ownership of the Bidder/Member in a Bidding Consortium by way of merger/ acquisition/ amalgamation/ reorganisation/ consolidation/ demerger;