Schedule 4, paragraph 5(5)

Neither sub-paragraph (1) nor sub-paragraph (4) above shall require anything which a person carrying on a business does otherwise than for a consideration in relation to any goods to be treated as a supply except in a case where that person or any of his predecessors is a person who (disregarding this paragraph) has or will become entitled— under sections 25 and 26, to credit for the whole or any part of the VAT on the supply... or importation of those goods or of anything comprised in them; or under a scheme embodied in regulations made under section 39, to a repayment of VAT on the supply or importation of those goods or of anything comprised in them.

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