# The Value Added Tax (Cash Accounting) (Amendment) (No. 2) Regulations 1993, Regulation 4


For paragraph (2) of regulation 6 there shall be substituted the following—
“(2) A person may, subject to regulation 10 below, remain in the scheme unless at the end of a prescribed accounting period of his the value of taxable supplies made by him in the period of one year then ending has exceeded £437,500 and the value of taxable supplies made by him in the period of one year then beginning has exceeded £350,000, in which case he shall cease to operate the scheme with effect from the end of the period of one year second mentioned.”

---
Source: https://www.legislation.gov.uk/uksi/1993/3028/regulation/4 (the official version)
Page: https://openlegislation.uk/value-added-tax-cash-accounting-amendment-no-2-regulations-1993/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.