Part 3A

Business Premises Renovation Allowances
Chapter 10

ADDITIONAL VAT LIABILITIES AND REBATES

Additional VAT liabilities and writing-down allowances
360V
1
This section applies if the person entitled to the relevant interest in relation to qualifying expenditure incurs an additional
VAT
liability in respect of that expenditure.
2
If this section applies—
a
the additional
VAT
liability is treated as qualifying expenditure, and
b
the amount of the residue of qualifying expenditure is accordingly increased at the time when the liability accrues by the amount of the liability.
S. 45H(2) modified (with effect in accordance with s. 167 of the amending Act) by Finance Act 2003 (c. 14) , Sch. 30 para. 7
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