Deregistering for VAT

Deregistering for VAT When and how to begin the process of deregistration.

These days VAT thresholds are the subject of much speculation, with the Government concerned that many business owners deliberately choose to stay below the VAT-registration threshold.

Limiting your ambition in this way might seem counter-intuitive – surely you want your business to get as big as possible?

But it can make sense if you are seeking to make a sustainable living rather than get rich, perhaps by trading on online auction sites, or running a café with limited opening hours.

If your business’s turnover is predicted to fall below £83,000 over the next year, it can voluntarily deregister for VAT.

Download the full article here to read more about:

  • Voluntary deregistration
  • Compulsory deregistration
  • Assets held on deregistration
  • Post-deregistration expenses
  • Bad debt relief
  • Change of business structure
  • Flat-rate scheme
  • VAT MOSS

Talk to us about any aspect of VAT.

Leave a Comment

The Chartered Institue of Taxation LogoThe Chartered Institute of Taxation
The Association of Taxation Technicians LogoThe Association of Taxation Technicians
Seavorchartered Xero Certified Advisors