{
  "url": "https://openlegislation.uk/finance-act-2008/section-132",
  "json_url": "https://openlegislation.uk/finance-act-2008/section-132.json",
  "legislation": "ukpga/2008/9",
  "legislation_title": "Finance Act 2008",
  "legislation_url": "https://openlegislation.uk/finance-act-2008",
  "path": "section/132",
  "kind": "section",
  "number": "132",
  "heading": "VAT: requirement to set-off",
  "text": "(1) Section 81 of VATA 1994 (set-off of credits etc) is amended as follows.\n(2) For subsection (4C) substitute—\n(4C) In this section, references to the application of an insolvency procedure to a person do not include—\n(a) the application of an insolvency procedure to a person at a time when another insolvency procedure applies to the person, or\n(b) the application of an insolvency procedure to a person immediately upon another insolvency procedure ceasing to have effect.\n(3) In subsection (5)—\n(a) omit paragraph (a),\n(b) in paragraph (b)—\n(i) for “that Act of 1986” substitute “ the Insolvency Act 1986 ”, and\n(ii) for “that Order of 1989” substitute “ the Insolvency (Northern Ireland) Order 1989 ”, and\n(c) before the “and” at the end of paragraph (b) insert—\n(ba) “administrator” means a person appointed to manage the affairs, business and property of another person under Schedule B1 to that Act or to that Order;\n.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2008/9/section/132",
    "retrieved_at": "2026-10-28T17:05:19.453822+00:00",
    "licence": "OGL-UK-3.0",
    "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."
  }
}