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Status:
Point in time view as at 22/03/2001. This version of this provision has been superseded.

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Changes to legislation:
Capital Allowances Act 2001, Section 236 is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

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236 Additional VAT liability generates first-year allowanceU.K.
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(1)Subsection (2) applies if—
(a)the original expenditure was first-year qualifying expenditure, and
(b)the additional VAT liability is incurred at a time when the plant or machinery is provided for the purposes of the qualifying activity.
(2)The additional VAT liability is to be regarded for the purposes of this Part as first-year qualifying expenditure which—
(a)is incurred on the same plant or machinery and is the same type of first-year qualifying expenditure as the original expenditure, and
(b)entitles the person incurring the liability to a first-year allowance for the chargeable period in which the liability accrues.
(3)Subsections (3) and (4) of section 52 apply to first-year qualifying expenditure constituted by the additional VAT liability as they apply to other first-year qualifying expenditure.
(4)This section is subject to sections 237 and 241.
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