free small business advice & information

Article Index
How VAT Works
What is VAT Charged On?
Should You Register?
Charging Customers VAT
VAT Invoices
Reclaiming VAT on Purchases
VAT Returns
VAT Accounting Schemes
Out of the Ordinary


9. De-registration

9.1 You should normally contact HMRC to deregister from VAT if you sell or liquidate your business.

  • You can also apply to deregister if VATable sales are expected to be less than £75,000 in the next 12 months.
  • De-registration involves completion of a final VAT return. Output VAT must be accounted for if the VAT due on assets and stock would be more than £1,000.
BHP Infosolutions

Labels: Tax