Skip to content
Solved
SearchBrowse
Sign in

Contents

Legislation
Capital Allowances Act 2001

Chapter 10 ADDITIONAL VAT LIABILITIES AND REBATES

  • Section 360T Introduction
  • Section 360U Additional VAT liabilities and initial allowances
  • Section 360V Additional VAT liabilities and writing-down allowances
  • Section 360W Additional VAT liabilities and writing off initial allowances
  • Section 360X Additional VAT rebates and balancing adjustments
  • Section 360Y Additional VAT rebates and writing off qualifying expenditure
  1. Chapter 10
  2. Additional VAT liabilities and writing off initial allowances

Section 360W | Additional VAT liabilities and writing off initial allowances

From legislation.gov.uk

If an initial allowance is made in respect of an additional VAT liability incurred after the qualifying business premises are first used or suitable for letting for business use, the amount of the allowance is written off at the time when the liability accrues.F1

Notes

  1. F1

    Pt. 3A inserted (11.4.2007 with effect in accordance with s. 92 of the amending Act) by Finance Act 2005 (c. 7), Sch. 6 para. 1; S.I. 2007/949, art. 2

PreviousNext
PrivacyTerms