Section 55F — Value Added Tax Regulations 1995: Exceptional claims for VAT relief

Exceptional claims for VAT relief 55F 1 This regulation applies where—

a the first prescribed accounting period for which a taxable person is authorised to account for and pay VAT in accordance with the scheme is the first prescribed accounting period for which he is, or is required to be, registered under the Act , and b the taxable person makes a claim in accordance with regulation 111 (exceptional claims for VAT relief).

2 Where this regulation applies, section 26B(5) of the Act shall not apply to prevent the taxable person from being entitled to credit for input tax in relation to the matters for which he makes the claim described in paragraph (1)(b) above.

3 Where—

a this regulation applies, and b the Commissioners authorise the claim described in paragraph (1)(b) above, the whole of the input tax on the goods or services concerned shall be regarded as used or to be used by the taxable person exclusively in making taxable supplies.