Schedule 9A, paragraph 6(4)

For the purposes of the making of an assessment under this paragraph in relation to any direction, the actual revenue loss shall be taken to be equal to the amount of the unpaid tax less the amount given by aggregating the amounts of every entitlement— which (whether as an entitlement of the person in relation to whom the assessment is made or as an entitlement of any other person) would have arisen on the assumptions contained in the direction, but not otherwise. to credit for input tax, or to a repayment in accordance with regulations under section 39,

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