VAT Election definition
VAT Election means an election under Paragraph 2 of Schedule 6A to the VAT Act for exemption to be waived on any VAT supply made by either party in relation to the demised premises.
VAT Election means either
VAT Election means an election to waive exemption from VAT in respect of the Property within the meaning of paragraph 2 of schedule 10 to the VAT Act.
Examples of VAT Election in a sentence
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 Tenant by the Landlord such amount or other consideration will be deemed to be exclusive of any VAT chargeable on that VAT supply (whether by virtue of a VAT Election made or to be made or otherwise) and the Tenant covenants to pay to the Landlord a sum equivalent to that VAT and keep the Landlord indemnified against all such VAT.
More Definitions of VAT Election
VAT Election an election to waive exemption from VAT in respect of the Property within the meaning of paragraph 2 of Schedule 10 to the VAT Act
VAT Election means an election to waive exemption from Value Added Tax in respect of the Demised Premises;
VAT Election means an election made by any person under paragraph 2 of schedule 10 to the VAT Act which has the effect of a waiver of exemption on any VAT Supply made by the Landlord or by the representative member of any VAT Group of which the Landlord is a member in relation to the Premises;