24 Input tax and output tax
Value Added Tax Act 1994 (1994 c 23) | Legislation

Payment of VAT by taxable persons

24  Input tax and output tax

(1)     Subject to the following provisions of this section, “input tax”, in relation to a taxable person, means the following tax, that is to say—

(a)     VAT on the supply to him of any goods or services;

(b)     . . . and

(c)     VAT paid or payable by him on the importation of any goods . . .,

being (in each case) goods or services used or to be used for the purpose of any business carried on or to be carried on by him.

(2)     Subject to the following provisions of this section, “output tax”, in relation to a taxable person, means VAT on supplies which he makes . . ..

(3)     . . .

(4)     The Treasury may by order provide with respect to any description of goods or services that, where goods or services of that description are supplied to a person who is not a taxable person, they shall, in such circumstances as may be specified in the order, be treated for the purposes of subsections (1) and (2) above as supplied to such

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