Point in time view as at 06/04/2024.
Capital Allowances Act 2001, Section 360V 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.
(1) This section applies if the person entitled to the relevant interest in relation to qualifying expenditure incurs an additional VAT liability in respect of that expenditure.
(2)If this section applies—
(a) the additional VAT liability is treated as qualifying expenditure, and
(b)the amount of the residue of qualifying expenditure is accordingly increased at the time when the liability accrues by the amount of the liability.]
Textual Amendments
F1Pt. 3A inserted (11.4.2007 with effect in accordance with s. 92 of the amending Act) by Finance Act 2005 (c. 7), Sch. 6 para. 1; S.I. 2007/949, art. 2
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