Explanatory Notes

Capital Allowances Act 2001

2001 CHAPTER 2

22nd March 2001

Commentary on Sections

Glossary

Part 12: Supplementary provisions

Chapter 2: Additional VAT liabilities and rebates: interpretation, etc.

Section 550: Apportionment of additional VAT liabilities and rebates

1917. This section is based on section 159A(5) and part of section 159A(7) of CAA 1990. It deals with cases in which it is necessary to apportion either the qualifying expenditure or the allowances or charges arising.

1918. In such cases, any additional VAT liability or rebate is subject to the same apportionment.