# Finance Act 2008, Paragraph 12


(1) Section 241 (no first-year allowance in respect of additional VAT liability) is amended as follows.
(2) In subsection (1)(b), before “a first-year” insert “ an annual investment allowance or ”.
(3) In subsection (2), for “A first-year allowance is not” substitute “ No annual investment allowance or first-year allowance is ”.
(4) In subsection (3), after “Any” insert “ annual investment allowance or ”.
(5) In the heading, after “No” insert “ annual investment allowance or ”.

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Source: https://www.legislation.gov.uk/ukpga/2008/9/schedule/24/paragraph/12 (the official version)
Page: https://openlegislation.uk/finance-act-2008/schedule-24/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.