{
  "url": "https://openlegislation.uk/capital-allowances-act-2001/section-240",
  "json_url": "https://openlegislation.uk/capital-allowances-act-2001/section-240.json",
  "legislation": "ukpga/2001/2",
  "legislation_title": "Capital Allowances Act 2001",
  "legislation_url": "https://openlegislation.uk/capital-allowances-act-2001",
  "path": "section/240",
  "kind": "section",
  "number": "240",
  "heading": "Additional VAT liability",
  "text": "(1) This section applies if a person—\n(a) was entitled to a balancing allowance for the final chargeable period for a short-life asset pool for a qualifying activity,\n(b) has incurred, after the end of that period, an additional VAT liability in respect of the original expenditure on the provision of the short-life asset, and\n(c) has not brought the liability into account in determining the amount of the balancing allowance.\n(2) The person is entitled to a further balancing allowance, of an amount equal to the additional VAT liability, for the chargeable period of the qualifying activity in which the additional VAT liability accrues.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2001/2/section/240",
    "retrieved_at": "2026-10-29T09:20:17.739129+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}