VAT De-Registration

A lot of businesses have been hit extremely hard by the COVID-19 pandemic and are exploring the possibility of de-registering for VAT. If you stop providing taxable goods or services or your turnover falls below the de-registration threshold of £83,000 within a 12-month period, your business can voluntarily ask HMRC to cancel its VAT registration.

It is compulsory to cancel your vat registration if:

If any of the above applies please be aware that you should de-register within 30 days of when you stop being eligible or you will be charged a penalty.

With regards to Voluntary de-registration there are some things you need to strongly consider before you take this step:

Therefore, you should seek professional advice before you choose to do this.

If you would like to discuss VAT in more detail, please contact Antoinette Hope via

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