Textual Amendments
F1Pt. 7A inserted (25.4.2002) by The Value Added Tax (Amendment) (No. 2) Regulations 2002 (S.I. 2002/1142), regs. 1(2), 7
55C.—(1) Subject to paragraphs (3) and (5), any—
(a)supply of any goods or services to,
(b)acquisition of any goods from another member State by, or
(c)importation of any goods from a place outside the member States by,
a flat-rate trader is a relevant purchase of his.
(2) Subject to the following provisions of this regulation, any supply made by a person when he is not a flat-rate trader is not a relevant supply of his.
(3) Subject to paragraph (4) below, where—
(a)a supply is made to, or made by, a person at a time when he is not a flat-rate trader, and
(b)the operative date for VAT accounting purposes is, by virtue of regulation 57 (cash accounting scheme), a date when he is a flat-rate trader,
that supply is a relevant supply or a relevant purchase of his, as the case may be, if otherwise it would not be by virtue of paragraph (2) above.
(4) Where a person—
(a)is entitled to any credit for input tax in respect of the supply to, or acquisition or importation by, him of capital expenditure goods,
(b)claims any such credit, and
(c)makes a supply of those capital expenditure goods,
the supply made by him is not a relevant supply of his, if otherwise it would be.
(5) Where by virtue of any provision of, or made under, the Act a supply is treated as made by a flat-rate trader, whether to himself or otherwise, that supply is neither a relevant supply nor a relevant purchase of his.]