# Finance Act 2007, Paragraph 21ZA


(1) A person is not liable to a penalty under paragraph 1 in respect of an inaccuracy if—
(a) the inaccuracy involves a claim by the person to exercise or rely on a VAT right (in relation to a supply) that has been denied or refused by HMRC as mentioned in subsection (4) of section 69C of VATA 1994, and
(b) the person has been assessed to a penalty under that section (and the assessment has not been successfully appealed against or withdrawn).
(2) In sub-paragraph (1)(a) “VAT right” has the same meaning as in section 69C of VATA 1994.

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Source: https://www.legislation.gov.uk/ukpga/2007/11/schedule/24/paragraph/21ZA (the official version)
Page: https://openlegislation.uk/finance-act-2007/schedule-24/paragraph-21ZA
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.