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Textual Amendments
F1Pt. 7 substituted (with effect in accordance with reg. 1 of the amending S.I.) by The Value Added Tax (Annual Accounting) Regulations 1996 (S.I. 1996/542), regs. 1, 3
52.—(1) A taxable person shall be eligible to apply for authorisation under regulation 50(1) if—
(a)he has been registered for at least 12 months at the date of his application for authorisation;
(b)he has reasonable grounds for believing that the value of taxable supplies made or to be made by him in the period of 12 months beginning on the date of his application for authorisation will not exceed [F2£600,000];
(c)his registration is not in the name of a group under section 43(1) of the Act;
(d)his registration is not in the name of a division under section 46(1) of the Act; and
(e)he has not in the 12 months preceding the date of his application for authorisation ceased to operate the scheme.
[F3(1A) Paragraph (1)(a) above shall not apply where the taxable person has reasonable grounds for believing that the value of taxable supplies made or to be made by him in the period of 12 months beginning on the date of his application for authorisation will not exceed [F4£150,000].]
(2) The Commissioners may refuse to authorise a person under regulation 50(1) where they consider it necessary to do so for the protection of the revenue.]
Textual Amendments
F2Sum in Reg. 52(1)(b) substituted (1.4.2001) by The Value Added Tax (Amendment) (No. 2) Regulations 2001 (S.I. 2001/677), regs. 1, 3(a)
F3Reg. 52(1A) inserted (with effect in accordance with reg. 1(3) of the amending S.I.) by The Value Added Tax (Amendment) (No. 2) Regulations 2002 (S.I. 2002/1142), regs. 1(2), 6
F4Word in reg. 52(1A) substituted (10.4.2003) by The Value Added Tax (Amendment) (No. 2) Regulations 2003 (S.I. 2003/1069), regs. 1(1), 3