ÑÇÖÞÉ«ÇéÍø

Goods and services used or to be used exclusively for taxable supplies

The whole of the input tax on such goods and services is attributed to taxable supplies and is, therefore, eligible for credit¹.

Disregarded supplies

Input tax on goods and services cannot be attributed under this head if the taxable supplies made or to be made are disregarded for the purposes of VAT, eg those made by one body corporate to another body corporate included in the same group registration². Input tax on goods and services obtained by the supplier company is attributed under this or another head according to the use made, or to be made, of the supply by the ultimate recipient company in the group.

The following supplies are not taken into account as a supply made by taxable persons when determining the allowance for input tax:

1. Ìý

   •ÌýÌýÌýÌý relevant services subject to the reverse charge³, and

2. Ìý

   •ÌýÌýÌýÌý the deemed supply by a representative member of chargeable assets