# The Value Added Tax Regulations 1995, Regulation 51: Annual accounting scheme


An authorised person shall, where in any given case the transitional accounting period is—
(a) 4 months or more—
(i) where the taxable person and Commissioners agree to such payment pattern, pay to the Commissioners by credit transfer on each relevant quarterly date the quarterly sum; or
(ii) in all other cases, pay to the Commissioners by credit transfer on each relevant monthly date the monthly sum; and
(iii) make by the last working day of the second month following the end of his transitional accounting period a return in respect of that period, together with any outstanding payment due to the Commissioners in respect of his liability for VAT declared on that return; or
(b) less than 4 months, make by the last working day of the first month following the end of his transitional accounting period a return in respect of that period, together with any outstanding payment due to the Commissioners in respect of his liability for VAT declared on that return.

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Source: https://www.legislation.gov.uk/uksi/1995/2518/regulation/51 (the official version)
Page: https://openlegislation.uk/value-added-tax-regulations-1995/regulation-51
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.