Commentary

V2.156 VAT registration transferred to the Isle of Man

Part V2 Registration – deregistration

V2.156 VAT registration transferred to the Isle of Man

V2.156 VAT registration transferred to the Isle of Man

HMRC may, at any time, determine that persons registered under the UK legislation are to be registered under the Isle of Man legislation if either1:

  1.  

    •     they have establishments in both the UK and the Isle of Man

  2.  

    •     they do not have an establishment in either country

The legislation provides that such a deregistration does not give rise to a deemed supply of assets held at deregistration2 (see V3.261).

If HMRC determines it, persons cease to be registered under the UK legislation, or cease to be required to be registered under the

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