VAT Settlement Amount definition
VAT Settlement Amount means an amount equal to aggregate net VAT position (being the amount of VAT payble minus the amount of VAT recoverable) in respect of the VAT Group Companies allocated to the Interim Period, which is as a result of the existence of the VAT Fiscal Unity for the account of the VAT Fiscal Unity, and which in the absence of the VAT Fiscal Unity, would have been for the account of the VAT Group Companies.