The Value Added Tax Regulations 1995

[F1 Admission to the scheme U.K.

52.— (1) A taxable person shall be eligible to apply for authorisation under regulation 50(1) if—

F2 (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(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 [F3 £1,350,000];

(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.

F4 (1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(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

F1 Pt. 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

F2 Reg. 52(1)(a) omitted (1.4.2006) by virtue of The Value Added Tax (Amendment) Regulations 2006 (S.I. 2006/587), regs. 1(2), 2(a)

F3 Sum in reg. 53(1)(b) substituted (1.4.2006) by The Value Added Tax (Amendment) Regulations 2006 (S.I. 2006/587), regs. 1(2), 3

F4 Reg. 52(1A) omitted (1.4.2006) by virtue of The Value Added Tax (Amendment) Regulations 2006 (S.I. 2006/587), regs. 1(2), 2(a)