There are a number of reasons why a business may wish or be obliged to cancel its VAT registration. The main reasons for doing so are as follows:
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•ÌýÌýÌýÌý Turnover falls below the VAT deregistration threshold (see 13.1).
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A business in this situation can choose whether to continue with its VAT registration or cancel its VAT number.
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•ÌýÌýÌýÌý Change of legal status.
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This can happen, for example, where:
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–ÌýÌýÌýÌý a sole trader takes on a partner;
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–ÌýÌýÌýÌý a sole trader or partnership decides to
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Web page updated on 24 Aug 2024 13:42