# The Value Added Tax Regulations 1995, Regulation 116H: Value of relevant supplies made during a new economic life


Subject to regulation 116I, the calculation of the value of a relevant supply made during a new economic life in accordance with the formula in regulation 116E is varied so that
C is the increase in the full cost of the goods resulting from the supply of the goods or services giving rise to the new economic life; and
U% is the extent, expressed as a percentage, to which the goods are put to any private use or used, or made available for use, for non-business purposes as compared with the total use made of the goods during the part of the prescribed accounting period occurring during the new economic life of the goods.

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Source: https://www.legislation.gov.uk/uksi/1995/2518/regulation/116H (the official version)
Page: https://openlegislation.uk/value-added-tax-regulations-1995/regulation-116H
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.