# The Value Added Tax (Cash Accounting) Regulations 1987, 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 the basis of cash or other consideration paid and received. They also set out the consequential requirements where a person ceases to be authorised for cash accounting. Provision is made for an appeal to the independent VAT Tribunal against a decision to refuse or withdraw an authorisation.
The Regulations are by way of derogation from Article 17.1 of Council Directive 77/388/EEC (OJ No. L 145, 17.5.77, p1).

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Source: https://www.legislation.gov.uk/uksi/1987/1427/note (the official version)
Page: https://openlegislation.uk/value-added-tax-cash-accounting-regulations-1987/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.