VAT

9. De-registration

9.1 Contact HM Revenue & Customs to de-register from VAT if you sell or liquidate the business.

• You can also de-register if you expect your sales to be less than £62,000 in the next 12 months.

9.2 De-registration is quick and easy: fill in a form at your VAT office and complete a final, supplementary VAT return. You account for VAT on goods in hand worth £1,000 or more at de-registration.

• For more information, visit HM Revenue & Custom's website or call 0845 010 9000.