F1PART VIIAFLAT-RATE SCHEME FOR SMALL BUSINESSES
Date of withdrawal from the scheme55Q
1
The date on which a flat-rate trader ceases to be authorised to account for VAT in accordance with the scheme shall be—
a
where regulation 55M(1)(a) applies—
i
in the case of a person who is authorised in accordance with regulation 50(1) (annual accounting scheme), the end of the prescribed accounting period in which the relevant anniversary occurred, or the end of the month next following, whichever is the earlier, or
ii
in all other cases, the end of the prescribed accounting period in which the relevant anniversary occurred,
b
where regulation 55M(1)(b) applies, the beginning of the period of 30 days in question,
c
where regulation 55M(1)(c), (d), or (f) applies, the date the event occurred,
d
where regulation 55M(1)(e) applies, the beginning of the prescribed accounting period for which he makes the election described by that provision,
e
where regulation 55M(1)(g) applies, the date on which the Commissioners are notified in writing of his decision to cease using the scheme, or such earlier or later date as may be agreed between them and him, and
f
where regulation 55M(1)(h) applies, the date of issue of a notice of termination by the Commissioners or such earlier or later date as may be directed in the notification.
2
The date with effect from which a person ceases to be so authorised shall be known as his end date.
Pt. 7A inserted (25.4.2002) by The Value Added Tax (Amendment) (No. 2) Regulations 2002 (S.I. 2002/1142), regs. 1(2), 7