This
adran has no associated
Memorandwm Esboniadol
5. In Part 7A (flat rate scheme for small businesses), in regulation 55C—
(a)in paragraph (1), for “and (5)” substitute “,(5) and (6)”;
(b)in paragraph (3), for “paragraph (4)” substitute “paragraphs (4) and (6)”;
(c)after paragraph (5) insert—
“(6) Where a supply of goods to which section 55A(6) of the Act applies (customers to account for tax on supplies of goods of a kind used in missing trader intra-community fraud) is made to, or made by, a flat rate trader, that supply is neither a relevant purchase nor a relevant supply of his.”.