PART XIVINPUT TAX AND PARTIAL EXEMPTION
Adjustment of attributionF1107E
1
Regulations 107A and 107B shall not apply where the amount of input tax falling to be apportioned under regulation 101(2)(d) within the prescribed accounting period referred to in regulation 107A(1), or longer period, as the case may be, does not exceed—
a
in the case of a person who is a group undertaking in relation to one or more other undertakings (other than undertakings which are treated under sections 43A to 43C of the Act as members of the same group as the person), £25,000 per annum, adjusted in proportion for a period that is not 12 months; or
b
in the case of any other person, £50,000 per annum, adjusted in proportion for a period that is not 12 months.
2
For the purposes of paragraph (1) above, “undertaking” and “group undertaking” have the same meaning as in F2section 1161 of the Companies Act 2006.