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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
5.—(1) An authorised person may start to use the scheme at the beginning of the current accounting year indicated in the notification of that authorisation.
(2) An authorised person shall remain in the scheme for a minimum of two years unless—
(a)at the end of any current accounting year the value of taxable supplies made by him in that year has exceeded by 25 per cent or more the figure of £250,000, in which case his authorisation shall terminate forthwith;
(b)at any time there is reason to believe that the value of taxable supplies made by him in a current accounting year will exceed by 25 per cent or more the figure of £250,000, in which case he shall within thirty days notify the Commissioners, who may terminate his authorisation; or
(c)his authorisation is terminated earlier in accordance with regulation 8 below.
Yn ôl i’r brig