Be wary of authenticated VAT receipt procedures
Series: Construction News ; (6822) 26 June 2003, 32(1)Publication details: 2003Subject(s): Online resources: Summary: Reviews how clauses in contracts where VAT invoices or VAT receipts are involved can lead to all sorts of practical difficulties and make payment disputes harder to resolve. Looks at "Shimizu Europe Ltd v L B J Fabrications Ltd" ([2003] EWHC 1229 (TCC), [2003] BLR 381-390(10) where the dispute centred on the amount of set-off the client proposed to deduct from the sum for which L B J had applied for payment. A clause in the contract made the issue of an VAT invoice a condition precedent to any payment. Observes that the issue of whether adjudication procedures can prohibit set-off remains undecided. View judgment at www.adjudication.co.uk/.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS66946 (Browse shelf(Opens below)) | 1 | Available | 123507-1001 |
Reviews how clauses in contracts where VAT invoices or VAT receipts are involved can lead to all sorts of practical difficulties and make payment disputes harder to resolve. Looks at "Shimizu Europe Ltd v L B J Fabrications Ltd" ([2003] EWHC 1229 (TCC), [2003] BLR 381-390(10) where the dispute centred on the amount of set-off the client proposed to deduct from the sum for which L B J had applied for payment. A clause in the contract made the issue of an VAT invoice a condition precedent to any payment. Observes that the issue of whether adjudication procedures can prohibit set-off remains undecided. View judgment at www.adjudication.co.uk/.