F1PART 27NON-UK UNION AND NON-UNION SPECIAL ACCOUNTING SCHEMES: ADJUSTMENTS, CLAIMS AND ERROR CORRECTION
Annotations:
Amendments (Textual)
Scheme participants who are also taxable persons: disapplication of paragraph 17(1)223
1
Paragraph 17(1) of Schedule 3BA to the Act is not to apply in the case of an input tax obligation.
2
In this regulation “input tax obligation” means an obligation imposed on a taxable person relating to a claim to deduction under section 25(2) of the Act or to payment of a VAT credit.
Pt. 27 inserted (1.1.2015) by The Value Added Tax (Amendment) (No.3) Regulations 2014 (S.I. 2014/2430), regs. 1(3), 11