Commentary

B3.275 Structures and buildings allowance—treatment of additional VAT liabilities and rebates

Business tax
Business tax | Commentary

B3.275 Structures and buildings allowance—treatment of additional VAT liabilities and rebates

Business tax | Commentary

B3.275 Structures and buildings allowance—treatment of additional VAT liabilities and rebates

For the purposes of the provisions described here, the terms 'additional VAT liability' and 'additional VAT rebate' have the meaning described in B3.103. The time a person incurs an additional VAT liability or an additional VAT rebate is made to a person is as described in B3.104, as is the chargeable period in which a liability or rebate accrues1.

Additional VAT liability

Where a person who is entitled to a structures or buildings allowance (SBA) by reference to qualifying expenditure incurred by him incurs an additional VAT liability in respect

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