[F1Admission to the schemeU.K.
54.—(1) The Commissioners may terminate an authorisation in any case where—
(a)a false statement has been made by or on behalf of an authorised person in relation to his application for authorisation; or
(b)an authorised person fails to make by the due date a return in accordance with regulation 50(2)(b) or regulation 51(a)(iii) or (b); or
(c)an authorised person fails to make any payment prescribed in regulation 50 or 51; or
(d)where they receive a notification in accordance with paragraph (2) below; or
(e)at any time during an authorised person’s transitional accounting period or current accounting year they have reason to believe, that the value of taxable supplies he will make during the period or as the case may be year, will exceed £375,000; or
(f)it is necessary to do so for the protection of the revenue; or
(g)an authorised person has not, in relation to a return made by him prior to authorisation, paid to the Commissioners all such sums shown as due thereon; or
(h)an authorised person has not, in relation to any assessment made under either section 73 or section 76 of the Act, paid to the Commissioners all such sums shown as due thereon.
(2) Where an authorised person has reason to believe that the value of taxable supplies made by him during a transitional accounting period or current accounting year will exceed £375,000, he shall within 30 days notify the Commissioners in writing.]
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