Bird & Bird

This Practice Note contains practical guidance on the UK’s competition law framework which regulates major online platforms designated as having ‘strategic market status’ (SMS). It also addresses key reports such as the Furman report and the CMA’s final report of the ‘Online Platforms and Digital Advertising’ market study that have informed the design of the SMS regime, alongside commentary on key digital competition investigations in the UK.

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 Caroline Brown of Bird and Bird LLP.

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 Caroline Brown CTA of Bird & Bird LLP.