V2.225 Business closed downCeasing 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
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
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