Bespoke retail schemes: general principles: When may I disagree a bespoke scheme?
In paragraph 2.4 of Notice 727/2, Bespoke retail schemes, we undertake to withhold agreement only for one of the reasons in regulation 68. That means you may withhold (or withdraw) agreement:
- for the protection of the revenue
- because the scheme would not produce a fair and reasonable result or
- because the business could reasonably be expected to account normally. (For more information about accounting normally, see VRS2200.)
If you withhold agreement, your decision letter should make it clear which of the reasons have led to your view that the scheme is not acceptable.