VAT de-registration cannot be back dated

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A recent First-tier tribunal has upheld HMRC’s position that a trader cannot ask to be de-registered from VAT from an earlier date. If you find you may be better off de-registering from VAT (usually because some or all of your customers cannot reclaim VAT) and you are below the VAT de-registration threshold (currently £80,000) then you should contact HMRC as soon as possible. This can be done

Note that if your turnover over the NEXT twelve months (forward looking) is likely to be less than the de-registration threshold, and you can convince HMRC of this, then you can de-register now. You may not have to wait until your turnover has actually been less than the threshold.

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