# The Value Added Tax Regulations 1995, Regulation 72: Ceasing to use a scheme

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

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(1) A retailer shall notify the Commissioners before ceasing to account for VAT on the basis of taxable supplies valued in accordance with these regulations.
(2) A retailer may be required to pay VAT on such proportion as the Commissioners may consider fair and reasonable of any sums due to him at the end of the prescribed accounting period in which he last used a scheme.

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Source: https://www.legislation.gov.uk/uksi/1995/2518/regulation/72 (the official version)
Page: https://openlegislation.uk/value-added-tax-regulations-1995/regulation-72
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.