Nil Return definition

Nil Return has the meaning given to it in paragraph 3.3 of Framework Schedule 9 (Management Information);

Nil Return means services which a Contracting Body wishes to procure from a third party which are the same or similar to the Services; “Occasion of Tax Non- Compliance” has the meaning given to it in paragraph 3.3 of Framework Schedule 8 (Management Information); means: a) any tax return of the Supplier submitted to a Relevant Tax Authority on or after 1 October 2012 is found to be incorrect as a result of: i. a Relevant Tax Authority successfully challenging the Supplier under the General Anti-Abuse Rule or the Halifax abuse principle or under any tax rules or legislation in any jurisdiction that have an effect equivalent or similar to the General Anti-Abuse Rule or the Halifax abuse principle; ii. the failure of an avoidance scheme which the Supplier was involved in, and which was, or should have been, notified to a Relevant Tax Authority under the DOTAS or any equivalent or similar regime in any jurisdiction; and/or b) the Supplier’s tax affairs give rise on or after 1 April 2013 to a conviction in any jurisdiction for tax related offences which is not spent at the Call Off Commencement Date or to a penalty for civil fraud or evasion;

Nil Return has the meaning given to it in paragraph 3.3 of DPS Schedule 9 (Management Information);

Examples of Nil Return in a sentence

• The Supplier must return the MI Report for each Month even where there are no transactions to report in the relevant Month (a "Nil Return").

• If there is no transaction during a particular period, a Nil Return should be submitted.

• If a MI Report: contains any material errors or material omissions or a missing mandatory field; or is submitted using an incorrect MI Reporting Template; or is not submitted by the Reporting Date (including where a Nil Return should have been filed); or then the Authority may deem the failure to submit a MI Report correctly an “MI Failure”.

• The Supplier must return the MI Report for each Month even where there are no transactions to report in the relevant Month; referred to as a "Nil Return".

• An “MI Failure” shall occur when an MI Report: contains any material errors or material omissions or a missing mandatory field; or is submitted using an incorrect MI Reporting Template; or is not submitted by the Reporting Date (including where a Nil Return should have been filed.

More Definitions of Nil Return

Nil Return has the meaning given to it in paragraph 3.3 of Panel Agreement Schedule 9 (Management Information);

Nil Return means in practice the following: For the Union scheme, the taxable person is required to complete on the mini One Stop Shop VAT Return (see annex 3) Boxes 1 (individual VAT identification number); 2 (VAT period) and 21 (total VAT payable by all establishments = zero), and for the non-Union scheme, it is required to complete Boxes 1, 2 and 11 (total VAT payable = zero).

Nil Return means a return indicating that no sales tax is payable by the registered person in respect of the tax period to which the tax return relates;

Nil Return means an MI Report containing no data regarding the supply of Temporary Workers

Nil Return means in practice the following:

Nil Return has the meaning given to it in Paragraph 5.4 of Schedule 6 (Framework Management Information);

Nil Return means a return indicating that no sales tax is payable by the registered person in respect of the tax period to which the return relates, and includes a null return and a return where refund is claimed;