SCHEDULES
SCHEDULE 3 Value Added Tax: Buildings and Land
Other provisions
7
In section 42 (adjustment of consideration on changes in tax) of the M1Value Added Tax Act 1983—
a
the following subsection shall be inserted after subsection (1)—
1A
Subsection (1) above shall apply in relation to a tenancy or lease as itapplies in relation to a contract except that a term of a tenancy or leaseshall not be taken to provide that the rule contained in that subsection isnot to apply in the case of the tenancy or lease if the term does not referspecifically to value added tax or this section.
b
in subsection (2), the words “(including a change attributable tothe making of an election under paragraph 2 of Schedule 6A to thisAct)” shall be added at the end.