Key domestic legislation: VAT Regulations 1995 (SI 1995/2518), Part XV
The UK has implemented a scheme enabling the amount of input VAT recovered on the acquisition of certain capital assets to be adjusted over several years. The following items are covered by the scheme, which is known as the capital goods scheme:
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•ÌýÌýÌýÌý A computer or a single item of computer hardware costing £50,000 or more (excluding
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