881. Termination and cancellation of registration.

A person who has become liable to be registered for value added tax (VAT)1 ceases to be so liable2 at any time if the Commissioners for Her Majesty's Revenue and Customs are satisfied in relation to that time that he has ceased to make taxable supplies3, or that he is not at that time a person in relation to whom any of the statutory conditions4 is satisfied5.

A person who has become liable to be so registered also ceases to be so liable at any time after being registered if the Commissioners are satisfied that the value of his taxable