# The Value Added Tax Regulations 1995, Regulation 68: Retail schemes

Extent: E+W+S+N.I.

The Commissioners may refuse to permit the value of taxable supplies to be determined in accordance with a scheme if it appears to them—
(a) that the use of any particular scheme does not produce a fair and reasonable valuation during any period,
(b) that it is necessary to do so for the protection of the revenue, or
(c) that the retailer could reasonably be expected to account for VAT in accordance with regulations made under paragraph 2(1) of Schedule 11 to the Act.

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Source: https://www.legislation.gov.uk/uksi/1995/2518/regulation/68 (the official version)
Page: https://openlegislation.uk/value-added-tax-regulations-1995/regulation-68
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.