Schedule 10, Part 2, paragraph 37(4)

For the purpose of sub-paragraph (3)— had the relevant premises not been intended for use solely for a relevant residential purpose or a relevant charitable purpose, and R1 and R2 have the meaning given by paragraph 36(1)(b), Y is the amount that yields an amount of VAT chargeable on it equal to— the VAT which would have been chargeable on the relevant zero-rated supply, or if there was more than one supply, the aggregate amount of the VAT which would have been chargeable on the supplies, Z is the number of whole months since the day on which the relevant premises were completed.

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Source: legislation.gov.uk · retrieved 2026-07-28