Commentary

V2.151 Cancellation of registration where a person ceases to be liable to be registered

Part V2 Registration – deregistration

V2.151 Cancellation of registration where a person ceases to be liable to be registered

Cancellation of registration—taxable supplies

V2.151 Cancellation of registration where a person ceases to be liable to be registered

Taxable supplies ceased/level of taxable supplies falling below registration limit

A person who has become liable to be registered (but is not actually registered) under VATA 1994, Sch 1, para 1 (see V2.135–V2.136) ceases to be liable to be registered if, at any time, he satisfies HMRC that, at that time1:

  1.  

    •     he has ceased to make taxable supplies, or

  2.  

    •     he has not exceeded

  3.  
    1.  

      –     the prescribed registration limit (currently £85,000, for future changes, see V2.134 and for past prescribed limits, see 'UK taxable supplies—deregistration' in Tax tables and checklists) on a historical turnover basis (see V2.135);

    2.  

      –     the prescribed registration limit (currently £85,0002, for future changes, see V2.134 and for past prescribed limits, see 'UK taxable supplies—registration' in Tax tables and checklists) on a future turnover basis (see V2.136)

    3.  

      –     the prescribed registration limit as a result of the acquisition of a business as a going concern (see V2.137) (the prescribed limit is currently £85,0003, for future changes, see V2.134 and for past prescribed limits, see 'UK taxable supplies—registration' in Tax tables and checklists), or

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