# The Value Added Tax (Cash Accounting) (Amendment) (No. 2) Regulations 1990, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations which come into force on 1st October 1990 amend the Value Added Tax (Cash Accounting) Regulations 1987 S.I. No. 1987/1427. Eligibility for membership of the cash accounting scheme is determined by the value of taxable supplies (excluding VAT) made in a year. The Regulations increase the limit from £250,000 to £300,000.

---
Source: https://www.legislation.gov.uk/uksi/1990/1943/note (the official version)
Page: https://openlegislation.uk/value-added-tax-cash-accounting-amendment-no-2-regulations-1990/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.