Ceasing to use a schemeU.K.
72. —
(1) A retailer shall notify the Commissioners before ceasing to account for VAT on the basis of taxable supplies valued in accordance with these regulations.
(2) A retailer may be required to pay VAT on such proportion as the Commissioners may consider fair and reasonable of any sums due to him at the end of the prescribed accounting period in which he last used a scheme.
Commencement Information
I1Reg. 72 in force at 20.10.1995, see reg. 1