PART II FLAT-RATE SCHEME FOR SMALL BUSINESSES
9 In Part IX of the Value Added Tax Regulations 1995 (supplies by retailers)—
(a) immediately before the definition of “notice” insert—

““flat-rate trader” has the meaning given in regulation 55A;”

;
(b) immediately after regulation 69, insert-

“69A No retailer may use a scheme at any time for which he is a flat-rate trader.”

; and
(c) in regulation 71, make the existing provision paragraph (1) and after it insert—

“2 Paragraph (1) shall not apply where a retailer ceases to operate a scheme solely because he becomes a flat-rate trader.”

.