Schedule 11A, paragraph 12(3A)

In sub-paragraph (3) “the notional tax” means— the VAT that would, but for the scheme, have been shown in returns as payable by or to the taxable person, or any amount that would, but for the scheme, have been the amount of the non-deductible tax of the taxable person.

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