# The Value Added Tax (Annual Accounting) Regulations 1988, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations provide, subject to certain conditions, for a taxable person to be authorised to account for and pay tax on an annual basis. They also set out the consequential requirements where a person ceases to be authorised for annual accounting.

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Source: https://www.legislation.gov.uk/uksi/1988/886/note (the official version)
Page: https://openlegislation.uk/value-added-tax-annual-accounting-regulations-1988/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.