F1Part 3 Industrial buildings allowances
Chapter 10 Additional VAT liabilities and rebates
Additional VAT rebates
349 Additional VAT rebates and writing-down allowances
(1)
This section applies if—
(a)
an additional VAT rebate is made in respect of qualifying expenditure to the person entitled to the relevant interest in relation to that qualifying expenditure, and
(b)
immediately before the rebate accrues, the residue of that qualifying expenditure is equal to, or greater than, the amount of the rebate.
(2)
The making of the additional VAT rebate is a relevant event for the purposes of section 311 (calculation of writing-down allowances) that is to be treated as occurring at the time when the rebate accrues.