Related Commentary  Related CasesRelated HMRC Manuals

26(1)  The amount of input tax for which a taxable person is entitled to credit at the end of any period shall be so much of the input tax for the period (that is input tax on supplies, acquisitions and importations in the period) as is allowable by or under regulations as being attributable to supplies within subsection (2) below.

26(2)  The supplies within this subsection are the following supplies made or to be made by the taxable person in the course or furtherance of his business–

(a)taxable supplies;

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