
1 
These Regulations may be cited as the Value Added Tax (Annual Accounting) (Amendment) Regulations 1991 and shall come into force on 9th April 1991.
2 
The Value Added Tax (Annual Accounting) Regulations 1988 shall be amended in accordance with the following provisions of these Regulations.
3 
In sub-paragraph (a) of regulation 3, for the words “current account year” there shall be substituted the words “current accounting year”.
4 
In—
(a) sub-paragraph (1)(b) of regulation 4, and
(b) sub-paragraphs (2)(a) and (2)(b) of regulation 5, for “£250,000” there shall be substituted “£300,000”.
5 
In regulation 4(1)(c) there shall be deleted the words from “, and has paid” to “Finance Act 1985”.
6 
In regulation 5–
(a) in paragraph (2), for the words from “shall” to “years” there shall be substituted the words “may remain in the scheme”, and
(b) in sub-paragraph (2)(c) there shall be deleted the word “earlier”.
7 
In paragraph (1) of regulation 8 after sub-paragraph (e) there shall be inserted the following–“
 ; or
(f) an authorised person has not, in relation to a return made by him prior to authorisation, paid to the Commissioners all such sums shown as due thereon; or
(g) an authorised person has not, in relation to any assessment made either under Schedule 7 to the Act or under section 21 of the Finance Act 1985, paid to the Commissioners all such sums shown as due thereon”.
Diana Seammen
Commissioner of Customs and Excise
New King’s Beam House,
22 Upper Ground,
LONDON,
SE1 9PJ
28th February 1991