# The Value Added Tax (Supplies by Retailers) (Amendment) Regulations 1987, Regulation 2


For regulation 3 of the principal regulations there shall be substituted the following:
“3 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; or
(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 tax in accordance with Regulations made under paragraph 2(1) of Schedule 7 to the Value Added Tax Act 1983.”.

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Source: https://www.legislation.gov.uk/uksi/1987/1712/regulation/2 (the official version)
Page: https://openlegislation.uk/value-added-tax-supplies-by-retailers-amendment-regulations-1987/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.