s 549 Chargeable period in which, and time when, additional VAT liability or rebate accrues
(1) The chargeable period in which, and the time when, an additional VAT liability or additional VAT rebate accrues is set out in the Table. Accrual of VAT liabilities and rebates (2) In the Table— (a) “ VAT return ” means a return made to the Commissioners of Customs and Excise for the purposes of value added tax, and (b) “ the relevant activity ” means the trade or, in relation to Part 2, the qualifying activity to which the additional VAT liability or additional VAT rebate relates.