Statute
Section 55KA — Value Added Tax Regulations 1995: Appropriate percentage for limited-cost traders
Text of the provision Official document
Appropriate percentage for limited-cost traders 55KA 1 This regulation applies for determining the appropriate percentage to be applied for a prescribed accounting period in which a flat-rate trader is a limited-cost trader.
2 Where this regulation applies, the appropriate percentage is that specified in the Table for the category of business carried on by the trader in that prescribed accounting period but the number in the right-hand column is to be read as “16.5”.
3 Except that, where regulation 55JB also applies, the number in the right-hand column is to be read as “15.5”.
Official source: legislation.gov.uk
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