Section 55B — Value Added Tax Regulations 1995: Flat-rate scheme for small businesses

Flat-rate scheme for small businesses 55B 1 The Commissioners may, subject to the requirements of this Part, authorise a taxable person to account for and pay VAT in respect of his relevant supplies in accordance with the scheme with effect from—

a the beginning of his next prescribed accounting period after the date on which the Commissioners are notified ... of his desire to be so authorised, or b such earlier or later date as may be agreed between him and the Commissioners.

2 The date with effect from which a person is so authorised shall be known as his start date.

3 The Commissioners may refuse to so authorise a person if they consider it is necessary for the protection of the revenue that he is not so authorised.

4 A flat-rate trader shall continue to account for VAT in accordance with the scheme until his end date.