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5(1)In this Schedule “tax advantage”, in relation to VAT, is to be read in accordance with sub-paragraphs (2) to (4).
(2)A taxable person obtains a tax advantage if—
(a)in any prescribed accounting period, the amount by which the output tax accounted for by the person exceeds the input tax deducted by the person is less than it would otherwise be,
(b)the person obtains a VAT credit when the person would not otherwise do so, or obtains a larger VAT credit or obtains a VAT credit earlier than would otherwise be the case,
(c)in a case where the person recovers input tax as a recipient of a supply before the supplier accounts for the output tax, the period between the time when the input tax is recovered and the time when the output tax is accounted for is greater than would otherwise be the case, or
(d)in any prescribed accounting period, the amount of the person’s non-deductible tax is less than it would otherwise be.
(3)A person who is not a taxable person obtains a tax advantage if the person’s non-refundable tax is less than it otherwise would be.
(4)In sub-paragraph (3) “non-refundable tax”, in relation to a person who is not a taxable person, means—
(a)VAT on the supply to the person of any goods or services,
(b)VAT on the acquisition by the person from another member State of any goods, and
(c)VAT paid or payable by the person on the importation of any goods from a place outside the member States,
but excluding (in each case) any VAT in respect of which the person is entitled to a refund from the Commissioners by virtue of any provision of VATA 1994.
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