Sign up for our FREE monthly newsletter

Don't miss out on amazing content

Part of our vision is to share our expert insight and knowledge to help business owners achieve success. Sign up today!

Client PortalXERO LoginClient Services Brochure
Download our Client Services Brochure

VAT Deregistration

POSTED BY: Karen Robertson

16 July 18

A compulsory VAT deregistration is usually required where a VAT registered business:

  • stops making taxable supplies
  • sells a business
  • changes legal status
  • disbands a VAT group
  • joins a VAT group
  • joins the agricultural flat rate scheme

In some circumstances it may be possible to keep the existing VAT registration number. A voluntary deregistration can be made by businesses that do not expect taxable their turnover to exceed the deregistration limit. The current deregistration limit is £83,000.

A business that deregisters can make late claims for input tax on services received whilst it was VAT registered (subject to the usual VAT time limits).

The Form VAT 7: Application to Cancel your VAT Registration has been updated. To cancel a VAT registration the print and post iForm should be completed online, printed and then mailed to HMRC.


Gift Hold Over Relief

Giving away an asset and concerned about Capital Gains Tax?

Parents with Benefits

Do you claim Child Benefit and earn more than £50,000?

Basic Income Tax Reliefs

​It’s the season to be planning!