The Value Added Tax (Amendment) (No. 3) Regulations 2010 No. 2940

Flat-rate scheme for small businesses

5.  In regulation 55M (withdrawal from the scheme)—

(a) in paragraph (1)(a), for “£225,000” substitute “£230,000”,

(b) in paragraph (1)(b), for “£225,000 substitute “£230,000”, and

(c) in paragraph (2), for “£187,500” substitute “£191,500”.