# The Value Added Tax Regulations 1995, Regulation 55B: Flat-rate scheme for small businesses


(1) The Commissioners may, subject to the requirements of this Part, authorise a taxable person to account for and pay VAT in respect of his relevant supplies in accordance with the scheme with effect from—
(a) the beginning of his next prescribed accounting period after the date on which the Commissioners are notified ... of his desire to be so authorised, or
(b) such earlier or later date as may be agreed between him and the Commissioners.
(2) The date with effect from which a person is so authorised shall be known as his start date.
(3) The Commissioners may refuse to so authorise a person if they consider it is necessary for the protection of the revenue that he is not so authorised.
(4) A flat-rate trader shall continue to account for VAT in accordance with the scheme until his end date.

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Source: https://www.legislation.gov.uk/uksi/1995/2518/regulation/55B (the official version)
Page: https://openlegislation.uk/value-added-tax-regulations-1995/regulation-55B
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.