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Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol). This item of legislation is currently only available in its original format.
Admission to the scheme
4.—(1) A taxable person shall be eligible to apply for authorisation under regulation 3 above if—
(a)he has been registered for at least one year at the date of his application for authorisation;
(b)he has reasonable grounds for believing that the value of taxable supplies made by him in the period of one year beginning at the date of his application for authorisation will not exceed £250,000;
(c)he has made all the returns which he is required to make, and has paid to the Commissioners all such sums shown as due on those returns, and on any assessments made either under Schedule 7 to the Act, or under section 21 of the Finance Act 1985();
(d)his total credits for input tax did not exceed his total output tax in the year prior to his application for authorisation;
(e)his registration is not in the name of a group under section 29(1) of the Act;
(f)his registration is not in the name of a division under section 31(1) of the Act; and
(g)he has not in the three years preceding the date of his application for authorisation had his authorisation terminated under regulation 8(1) below.
(2) The Commissioners may refuse to authorise a person under regulation 3 above where they consider it necessary to do so for the protection of the revenue.
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