PART XIVINPUT TAX AND PARTIAL EXEMPTION
F1102C
1
Subject to regulation 102A, where a taxable person—
a
is for the time being using a method approved or directed under regulation 102, and
b
that method does not fairly and reasonably represent the extent to which goods or services are used by him or are to be used by him in making taxable supplies,
the taxable person may serve on the Commissioners a notice to that effect, setting out his reasons in support of that notification.
2
Where the Commissioners approve a notice served under this regulation, the effect is that regulation 102B shall apply to the person serving the notice in relation to—
a
prescribed accounting periods commencing on or after the date of the notice or such later date as may be specified in the notice, and
b
longer periods to the extent of that part of the longer period falling on or after the date of the notice or such later date as may be specified in the notice.