Schedules

Schedule 3Transitionals and savings

Part 4Plant and machinery allowances

Additional VAT liabilities and rebates

51Anti-avoidance

Sections 243(7) and 244 do not apply in relation to expenditure incurred before 2nd July 1998 if the relevant transaction—

a

is a purchase under a contract entered into before 2nd July 1997;

b

is itself a contract entered into before that date; or

c

is an assignment made before that date, or in pursuance of a contract entered into before that date.