Expenditure from 1 January 2011

With effect from 1 January 2011 qualifying expenditure for assessing inclusion in the CGS is based upon the total expenditure on a capital asset.

If goods or services are purchased partly for non-business purposes, the VAT incurred is apportioned so that only the part attributed to taxable use is recovered. Changes in non-business use must also be reflected in CGS adjustments as well as changes in the balance of taxable to exempt business use.

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