# Insolvency Act 1986, Paragraph 3

Extent: E+W+S

Any value added tax which is referable to the period of 6 months next before the relevant date (which period is referred to below as “the 6-month period”).
For the purposes of this paragraph—
(a) where the whole of the prescribed accounting period to which any value added tax is attributable falls within the 6-month period, the whole amount of that tax is referable to that period; and
(b) in any other case the amount of any value added tax which is referable to the 6-month period is the proportion of the tax which is equal to such proportion (if any) of the accounting reference period in question as falls within the 6-month period;
and in sub-paragraph (a) “prescribed” means prescribed by regulations under the Value Added Tax Act 1994.

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Source: https://www.legislation.gov.uk/ukpga/1986/45/schedule/6/paragraph/3 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/schedule-6/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.