Section 68(3)
VATA 1994
Value Added Tax Act 1994 · United Kingdom
Subject to subsection (4) below, if the person in default is in breach of the undertaking contained in a walking possession agreement, he shall be liable to a penalty equal to half of the VAT or other amount referred to in subsection (1)(a) above.
← 2 · All articles · 4 →
Source: legislation.gov.uk · retrieved 2026-07-28