SCHEDULES
F1SCHEDULE 11ADisclosure of avoidance Schemes
F2Meaning of “non-deductible tax”
Sch. 11 para. 2A and cross-heading inserted (1.8.2005) by Finance (No. 2) Act 2005 (c. 22), s. 6(2), Sch. 1 para. 4; S.I. 2005/2010, art. 2 (with art. 4)
2A
1
In this Schedule “non-deductible tax”, in relation to a taxable person, means—
a
input tax for which he is not entitled to credit under section 25, and
b
any VAT incurred by him which is not input tax and in respect of which he is not entitled to a refund from the Commissioners by virtue of any provision of this Act.
2
For the purposes of sub-paragraph (1)(b), the VAT “incurred” by a taxable person is—
a
VAT on the supply to him of any goods or services,
b
VAT on the acquisition by him from another member State of any goods, and
c
VAT paid or payable by him on the importation of any goods from a place outside the member States.
Sch. 11A inserted (22.7.2004 for specified purposes, 1.8.2004 in so far as not already in force) by Finance Act 2004 (c. 12), s. 19(2), Sch. 2 para. 2; S.I. 2004/1934, art. 2