Cancelling your VAT registration

· WOWERI

You may need to cancel your VAT registration in certain situations. Find out when and how to do it. VAT registration can be cancelled if you stop trading or your turnover reduces.

Cancelling your VAT registration

You may need to cancel your VAT registration in certain situations. For example, if you stop trading or your turnover reduces below the threshold set by law. According to the gov.uk guidelines, you must cancel your VAT registration if:

  • you stop trading;
  • your turnover reduces below the threshold set by law;
  • you are no longer required to be registered for VAT.

Procedure for cancelling registration

To cancel your VAT registration, you need to submit an application to the tax authority. The application must include the following information:

  • your name or business name;
  • your VAT registration number;
  • the date from which you want to cancel the registration.

You can submit the application online or by post. It is recommended to keep a copy of the application for your records.

What to do next

Consultation $150

Source: gov.uk

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