Common use of FEES AND VAT Clause in Contracts

FEES AND VAT. 6.1 The Employment Business shall charge VAT to the Client in addition to the fees quoted, at the prevailing rate, after the Employment Business has provided the Client with a VAT invoice. All accounts and charges are payable within 14 days of receipt of invoice. 6.2.1 Any sums payable by the Client under this agreement which remain outstanding after 14 days of receipt of an invoice shall carry interest (both before and after judgment) on a daily rate at an annual rate equal to 2% above the prevailing Bank of England base rate. 6.3 The Introduction Fee payable to the Employment Business is calculated as a percentage of the aggregate of the following benefits offered to the Worker (“the Salary Package”): (i) initial gross annual salary; (ii) guaranteed annual bonus; (iii) accommodation allowance if applicable; (iv) London weighting if applicable.

FEES AND VAT. 6.1 7.1 The Employment Business shall charge VAT to the Client in addition to the fees quoted, at the prevailing rate, after the Employment Business has provided the Client with a VAT invoice. All accounts and charges are payable within 14 days of receipt of invoice. 6.2.1 7.2 Any sums payable by the Client under this agreement which remain outstanding after 14 days of receipt of an invoice shall carry interest (both before and after judgment) on a daily rate at an annual rate equal to 2% above the prevailing Bank of England base rate. 6.3 7.3 The Introduction Fee payable to the Employment Business is calculated as a percentage of the aggregate of the following benefits offered to the Worker (“the Salary Package”): (i) initial gross annual salary; (ii) guaranteed annual bonus; (iii) accommodation allowance if applicable;allowance (iv) London weighting if applicable.