Schedules

Schedule 3 Transitionals and savings

Part 4 Plant and machinery allowances

Additional VAT liabilities and rebates

Anti-avoidance

51 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.