{
  "url": "https://openlegislation.uk/capital-allowances-act-2001/section-549",
  "json_url": "https://openlegislation.uk/capital-allowances-act-2001/section-549.json",
  "legislation": "ukpga/2001/2",
  "legislation_title": "Capital Allowances Act 2001",
  "legislation_url": "https://openlegislation.uk/capital-allowances-act-2001",
  "path": "section/549",
  "kind": "section",
  "number": "549",
  "heading": "Chargeable period in which, and time when, additional VAT liability or rebate accrues",
  "text": "(1) The chargeable period in which, and the time when, an additional VAT liability or additional VAT rebate accrues is set out in the Table.\nTable\nAccrual of VAT liabilities and rebates\nCircumstances\nChargeable period\nTime of accrual\nThe liability or rebate is accounted for in a VAT return.\nThe chargeable period which includes the last day of the period to which the VAT return relates.\nThe last day of the period to which the VAT return relates.\nThe Commissioners of Customs and Excise assess the liability or rebate as due before a VAT return is made.\nThe chargeable period which includes the day on which the assessment is made.\nThe day on which the assessment is made.\nThe relevant activity is permanently discontinued before the liability or rebate is accounted for in a VAT return or assessed by the Commissioners.\nThe chargeable period in which the relevant activity is permanently discontinued.\nThe last day of the chargeable period in which the relevant activity is permanently discontinued.\n(2) In the Table—\n(a) “VAT return” means a return made to the Commissioners of Customs and Excise for the purposes of value added tax, and\n(b) “the relevant activity” means the trade or, in relation to Part 2, the qualifying activity to which the additional VAT liability or additional VAT rebate relates.",
  "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/549",
    "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."
}