Example sentences of "newco [modal v] be [adj] " in BNC.
Next page| No | Sentence |
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| 1 | Conversely Newco may be entitled to deductions of VAT if the change of use has been from exempt use to taxable use . |
| 2 | In brief , this regime means Newco may be liable to VAT if the vendor 's use of ( inter alia ) certain business premises or computer equipment before completion has changed from taxable use to exempt use . |
| 3 | ( 2 ) The loans must be to defray expenditure incurred in acquiring ordinary share capital of a close company complying with s13A(2) as described above , or in lending to such a close company where the money loaned is used wholly and exclusively for the purpose of its business or the business of any of its associated companies provided the latter are also close companies satisfying the conditions of s13A(2). ( 3 ) When interest is paid on the manager 's loan , Newco must continue to comply with s13A(2) — this means it must continue to satisfy the relevant purpose test rather than that it should continue to remain a close company ; in the case of a purchase of shares in Target , the reason why Newco should be close after the institutions commit to invest is to ensure that institutions and management can invest at the same time and that , at that time , Newco is both close and satisfies the relevant purpose test , ie already controls Target ; management can not commit Newco to acquiring Target until the institutions have committed to funding Newco , and once they have so committed the institutions are likely to control Newco under s416 , so a structure is needed whereby management also controls Newco at this point . |
| 4 | So NewCo should be able to cope with back-year claims as they arise . |
| 5 | Secondly , Newco should be entitled to a deduction of the discount , as a charge on income , on an accruals basis , ie year on year , in advance of the discount actually being paid . |
| 6 | Accordingly , Newco would be liable to pay the VAT in addition to the purchase price for the asset or property concerned . |
| 7 | However , in some cases the members of the target 's group may be the most important clients of the target and both the vendor and Newco will be keen to continue this relationship . |