859.This is the first of six sections that deal with the VAT aspects of the anti-avoidance provisions in Chapter 17.
860.Section 241 is based on parts of sections 75(1), (2) and (3), 76(1) and 76A(1) of CAA 1990. It ensures that the prohibition on first-year allowances imposed by sections 217 and 223 extends to any additional VAT liability incurred by the buyer in respect of the expenditure under the relevant transaction.
Commentary on Sections Glossary Structure of Part 2 Section 241: No first-year allowance in respect of additional VAT liability