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Capital Allowances Act 2001

Capital Allowances Act 2001 s 547

s 547 “Additional VAT liability” and “additional VAT rebate”

(1) “ Additional VAT liability ” means an amount which a person becomes liable to pay by way of adjustment under the VAT capital items legislation in respect of input tax. (2) “ Additional VAT rebate ” means an amount which a person becomes entitled to deduct by way of adjustment under the VAT capital items legislation in respect of input tax.

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