Commentary

V7.163 VAT deregistration—planning points to consider

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.163 VAT deregistration—planning points to consider

Part V7 Tax planning | Commentary

V7.163 VAT deregistration—planning points to consider

The following points should be given consideration.

  1.  

    •     Review the VAT registration position of all businesses on an annual basis to see if a client could be eligible for deregistration and, if he is, whether it would be commercially beneficial for him to do so. This is particularly relevant in the current economic climate where a fall in sales volume has been suffered by many businesses in the UK.

  2.  

    •     Any request for deregistration based on future turnover cannot be made because of a decision to suspend trading for 30 days or more.

  3.  

    •    

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