Member

(9) Where a person has, before 1 January 2027, exercised the option mentioned in sub-paragraph (2)(a) of paragraph 48 of Schedule 9ZA to the Value Added Tax Act 1994 (as it had effect at that time), the exercise of that option is to be treated, until the end of the period of 2 years beginning with the date on which the option was exercised, as if it were an exercise of the option mentioned in sub-paragraph (4)(c) of that paragraph as it has effect on or after 1 January 2027.