Input tax and partial exemption

5.  In regulation 99 (interpretation of Part XIV and longer periods) after paragraph (1) insert—

“(1A) In this Part “non-business VAT” has the meaning given in section 24(5)(b) of the Act(1).”.

(1)

Section 24(5)(b) was inserted by paragraph 1(3) of Schedule 8 to the Finance (No. 3) Act 2010.