4

In paragraph 2, before sub-paragraph (4) insert—

3B

Where a supply is made by a person other than the person who made the grant giving rise to it, then for the purposes of sub-paragraph (3AA) above–

a

the person making the supply shall be treated as the person who made the grant that gave rise to that supply; and

b

the grant shall be treated as made at the time when that person made his first supply arising from the grant.