This Practice Note sets out a sensible approach to reviewing a commercial contract (such as an intellectual property licence agreement) for VAT purposes. This Practice Note will take you through the process of reviewing the contract in order to determine the VAT treatment of the supply of goods and services made, pursuant to the contract in question. This Practice Note is produced in partnership with Matthew Wentworth-May.
This Practice Note considers the application of VAT to tripartite supplies. Specifically, it covers the supplier’s liability to account for the VAT in respect of the supply by reference to the third party consideration and the complications faced by the paying party in recovering input tax in such tripartite arrangements. This Practice Note is produced in partnership with Matthew Wentworth-May.
This Precedent clause is a value added tax (VAT) clause to be included in a commercial contract for the supply or goods and/or services. It contains different options to be included in different circumstances and the drafting notes explain when you would use each of them and the negotiation points that would arise. This Precedent is produced in partnership with Matthew Wentworth-May.
This Checklist sets out the points to be considered when reviewing a commercial contract for VAT purposes. This Checklist is produced in partnership with Matthew Wentworth-May.
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