VAT return definition
Examples of VAT return in a sentence
If VAT is charged in error, it will be refunded upon receipt of a refund from the relevant tax authorities either by way of an actual refund or by way of adjustment of the relevant VAT return.
If any Transaction Document requires a Transaction Party (the Payer) to reimburse another Transaction Party (the Payee) for costs related to a supply made to the Payee, the Payer shall also indemnify the Payee for any VAT burden with respect to this supply, as far as the Payee is not entitled to recover this VAT burden through deduction in its own VAT return or through a request for refund of VAT filed with the VAT authorities of the competent jurisdiction.
When you accept self-billing, we’ll calculate the VAT and give you a compliant self-billing invoice, which you’ll need to complete your VAT return.
It is your responsibility as the seller of the goods to report the VAT on the sale of goods to the customer and remit this in your VAT return.
A credit is obtained for the purposes of this clause on the date on which the Parent, Newco 1 or Newco 2 (or, if applicable their representative member, as the case may be) submits a VAT return on which such credit is claimed.
In such cases the customer is required to self-assess and declare the VAT on the transaction in their VAT return instead of the supplier charging VAT on the invoice.
BSH-UK will raise a self-billing invoice which will include VAT which you will need to report to HMRC as output VAT on your VAT return.
You agree that any incentive based compensation or award that you receive, or have received, from the Company or its Affiliates under this Agreement or otherwise, will be subject to clawback by the Company as may be required by applicable law or stock exchange listing requirement and on such basis as the Board of Directors of the Company determines, but in no event with a look-back period of more than three years, unless required by applicable law or stock exchange listing requirement.
Semi-Annually: semi-annual accounting report, VAT return, compound trial balance, debt status table, sales forecast table by vendor, product, and etc.
Its first VAT return will likely cover the quarter ended 31 March 2004 and will need to be submitted by the end of April 2004.