Capital Allowances Act 2001 Schedule 3 paragraphs 46–51

Additional VAT liabilities and rebates

Schedule 3 paragraphs 46 to 51 previously dealt with the treatment of additional VAT liabilities and VAT rebates in connection with capital allowances. These paragraphs have been repealed.

• Paragraphs 46 to 51 of Schedule 3 covered adjustments for additional VAT liabilities and rebates arising after the initial capital allowance claim
• These provisions have been repealed by Finance Act 2008, section 76(4)
• The repeal removed the specific rules that governed how changes in VAT position affected capital allowances already given or due
• Any relevant VAT adjustment rules are now addressed through other provisions following the Finance Act 2008 changes

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