S.L. 406.10 Art. 4Non-applicability.

These regulations shall not apply to:

(a) amounts of VAT which, according to the Act, have been incorrectly invoiced;

(b) amounts of VAT which have been invoiced in respect of supplies of goods the supply of which is, or may be, exempt under items 1(2) and 3 of Part One of the Fifth Schedule to the Act.