Paragraph 5

Schedule 9A to the Value Added Tax Act 1994 (groups: anti-avoidance) shall be amended as follows.

At the end of paragraph 2 (which becomes sub-paragraph (1) of that paragraph) there shall be inserted—

“(2)

This paragraph shall not apply where the relevant event is the termination of a body corporate’s treatment as a member of a group by a notice under section 43C(1) or (3).”

In paragraph 3(8), for the words “under section 43” there shall be substituted “ such as is mentioned in section 43B ”.

In paragraph 7(1), for the words “section 43” there shall be substituted “ sections 43 to 43C ”.