V2.225 Business closed down

Ceasing to make taxable supplies is an event that results in the cancellation of a person's registration (for cancellation in these circumstances, see V2.151).

For deregistration purposes, it is clearly necessary to determine whether a business has been closed down, and if so from what date. This will normally be clear when a person merely shuts up shop and ceases trading. Whether a business has temporarily or permanently ceased depends upon the circumstances of an individual case, and one such circumstance appears to be the nature of the business (see David Wickens Properties Ltd1).

Anything done in

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial