Section 26B(2)

For the purposes of this section— a person’s “relevant supplies” are all supplies made by him except supplies made at such times or of such descriptions as may be specified in the regulations; the “appropriate percentage” is the percentage so specified for the category of business carried on by the person in question; a person’s “relevant turnover” is the total of— the value of those of his relevant supplies that are taxable supplies, together with the VAT chargeable on them, and the value of those of his relevant supplies that are exempt supplies.

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Source: legislation.gov.uk · retrieved 2026-07-28