Commentary

V2.129 Consequences of a failure to register for VAT

Part V2 Registration – deregistration

V2.129 Consequences of a failure to register for VAT

V2.129 Consequences of a failure to register for VAT

Taxable persons who fails to notify their liability to be registered will suffer the following consequences:

  1.  

    •     they will nevertheless be registered (or, before IP completion day, would have been registered for acquisitions and distance sales) from the proper date. (for the date of registration, see V2.142A; V2.174 distance sales; V2.185 acquisitions; and V2.189B disposals of assets1)

  2.  

    •     output tax will be due on all taxable supplies made from that date (for taxable supplies, see V3.122)2

  3.  

    •     they will be liable to a penalty for failing to notify their liability to

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