The Value Added Tax (Supplies by Retailers) (Amendment) Regulations 1987

Made: 28th September 1987

Laid before the House of Commons: 7th October 1987

Coming into force: 30th October 1987

The Commissioners of Customs and Excise, by virtue of the powers conferred upon them by paragraph 2(3) of Schedule 7 to the Value Added Tax Act 1983[^f00001] and of all other powers enabling them in that behalf, hereby make the following Regulations:

1

• (1) These Regulations may be cited as the Value Added Tax (Supplies by Retailers) (Amendment) Regulations 1987 and shall come into force on 30th October 1987.

• (2) In these Regulations the “principal regulations” means the Value Added Tax (Supplies by Retailers) Regulations 1972[^f00002].

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.

Signed

Colin C Finlinson — Commissioner of Customs and Excise — 28th September 1987

Explanatory note

(This note is not part of the Regulations)

These Regulations make minor amendments to regulation 3 of the Value Added Tax (Supplies by Retailers) Regulations 1972 and clarify the Commissioners' powers to refuse the use of a retail scheme method for determining the value of taxable supplies.

Footnotes

[^f00001]: 1983 c. 55.

[^f00002]: S.I. 1972/1148, to which there are amendments not relevant to these Regulations.