Commentary

V7.150 VAT deregistration—introduction

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.150 VAT deregistration—introduction

Part V7 Tax planning | Commentary

Deregistration

V7.150 VAT deregistration—introduction

It is often assumed that once a business becomes VAT registered and joins the 'VAT club', it will remain registered until it is either sold or ceases to trade. In reality, this is not necessarily true. There are a number of situations where a tax adviser can be proactive as far as VAT deregistration is concerned, often to the clear benefit of the client.

Going back to basics, the main rule is that a business must register for VAT when it has made taxable supplies in the previous 12 months exceeding the VAT registration threshold (£85,000

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