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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.

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