| Commentary

65.2 VAT clauses

| Commentary

65.2 VAT clauses

A taxable person for VAT purposes who makes a taxable supply must charge VAT on that supply, generally by issuing a VAT invoice at the time of the supply. In a written agreement involving any such supply it is therefore common, for the sake of clarity, to include a clause providing, for example, that:

‘All sums payable to [party making supplies] under this agreement are exclusive of VAT which shall, where applicable, be paid in addition at the rate in force at the due time for payment subject to [party making supplies] either

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