S.L. 406.12 Art. 5Period of adjustment.

(1) The adjustment referred to in regulation 4(a) is made with respect to one-fifth or one-twentieth of the input tax initially deducted, as the case may be, for each year during which a change in the use occurs. If the capital good is used totally for private purposes or for operations for which the value added tax is not deductible, the adjustment is made once for the whole period of adjustment still to be covered, including the year during which the change occurs.

(2) The adjustment referred to in regulation 4(b) is made each year with respect to one-fifth or one-twentieth of the input tax deducted, as the case may be, according to the conditions established by article 23 of the Act and item 6 ot the Tenth Schedule thereof.

(3) The adjusments referred to in regulation 4(c), (d) and (e) are made once for the whole period of adjustment to be covered, including the year in which the reason for which the adjustment occurs, and up to one-fifth or one-twentieth for each year, as follows:

(a) in the cases referred to in regulation 4(c), for the amount of input tax affected by the limitation of the deduction for which this provision takes account;

(b) in the cases referred to in regulation 4(d) and (e), for the amount of the input tax initially deducted.