# The Value Added Tax Regulations 1995, Regulation 53: Admission to the scheme


(1) An authorised person shall continue to account for VAT in accordance with the scheme until he ceases to be authorised.
(2) An authorised person ceases to be authorised when—
(a) at the end of any transitional accounting period or current accounting year the value of taxable supplies made by him in that period or, as the case may be, year has exceeded £1,600,000; or
(b) his authorisation is terminated in accordance with regulation 54 below;
(c) he—
(i) becomes insolvent and ceases to trade, other than for the purpose of disposing of stocks and assets; or
(ii) ceases business or ceases to be registered; or
(iii) dies, becomes bankrupt or incapacitated;
(d) he ceases to operate the scheme of his own volition.

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Source: https://www.legislation.gov.uk/uksi/1995/2518/regulation/53 (the official version)
Page: https://openlegislation.uk/value-added-tax-regulations-1995/regulation-53
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.