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VAT
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 £71,000 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.
Labels: Tax
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