F1PART 3ABUSINESS PREMISES RENOVATION ALLOWANCES
Annotations:
Amendments (Textual)
CHAPTER 10>ADDITIONAL VAT LIABILITIES AND REBATES
360WAdditional VAT liabilities and writing off initial allowances
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.
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