# The Value Added Tax (Flat-rate Scheme for Farmers) Regulations 1992, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations set out the conditions under which a person who carries on a business involving designated agricultural activities may be granted a certificate by the Commissioners of Customs and Excise to enable him to charge a flat-rate addition to supplies of qualifying goods and services to taxable persons. The Regulations also set out the conditions under which a certificate may be cancelled and the conditions governing the re-issue of a certificate after cancellation.
The Regulations include the requirements which must be fulfilled by a taxable person in order for amounts to be treated as credits for input tax and the requirements for the keeping and production of records by certified persons.

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Source: https://www.legislation.gov.uk/uksi/1992/3103/note (the official version)
Page: https://openlegislation.uk/value-added-tax-flat-rate-scheme-for-farmers-regulations-1992/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.