http://www.legislation.gov.uk/id/ukpga/2012/14/schedule/27

SCHEDULES

SCHEDULE 27Anti-forestalling charge to VAT

PART 2Liability and amount

Amount

7

1

The amount of the anti-forestalling charge on a chargeable pre-change supply is the amount of VAT that would be chargeable on the supply if it were subject to VAT at 20%.

This is subject to any reduction under sub-paragraph (2).

2

If the chargeable pre-change supply is not wholly linked to the post-change period, the anti-forestalling charge is the relevant proportion of that amount.

3

The relevant proportion is—

\frac{P}{W}

where—

P is so much of the consideration for the chargeable supply as is attributable, on a just and reasonable basis, to that part of the supply (or, in the case of a grant of a right, that part of the supply to which the right relates) which is linked to the post-change period;

W is the whole of the consideration for the chargeable pre-change supply.