22 Disallowance of input tax where consideration not paid
Finance Act 2002 (2002 c 23) | Legislation

Part 2 Value Added Tax

22  Disallowance of input tax where consideration not paid

(1)     In Part 1 of the Value Added Tax Act 1994 (c 23) (the charge to tax), after section 26 insert—

“26´¡
Disallowance of input tax where consideration not paid

(1)     Where—

(a)     a person has become entitled to credit for any input tax, and

(b)     the consideration for the supply to which that input tax relates, or any part of it, is unpaid at the

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