You’re closing your business and moving on to a new venture. As a result you’re cancelling your VAT registration. HMRC has told you that you must pay VAT on the value of assets still owned by the
business. Does this apply to all assets?
Published 03.09.2018
Your business recently stopped trading, but you’ve found a tenant who’s now paying you rent for the premises and the equipment in it. Did your VAT registration lapse when your business ended or must
you keep submitting returns to HMRC?
Published 04.04.2023
If your business has ceased trading or its VATable turnover has fallen below the deregistration limit, you can cancel your VAT registration. But the process isn’t always straightforward. So what
traps should you be watching for?
Published 03.05.2023
One of your businesses has been deregistered for VAT. However, a VAT invoice has now turned up which you need to pay. Is there any way you can claim the VAT back on such invoices?
Published 21.04.2005
Because of exceptional circumstances your business turnover has exceeded the VAT registration limit. You’re sure that this won’t be repeated. Must you register and wait to deregister when your
turnover falls or is there an alternative?
Published 05.09.2023
Depending on the circumstances, VAT deregistration can be compulsory or voluntary. Either way, the trouble is that the Taxman expects you to account for VAT on the value of all the assets your
business owns. How can you minimise this bill?
Published 15.11.2011
When one of your companies started trading it registered and reclaimed VAT on its start-up costs. But now that its turnover has fallen what are the pros and cons of deregistering it?
Published 23.06.2015
You’ve been winding down one of your businesses so that now it’s trading well below the VAT registration limit. You want to stay registered so you can continue to reclaim VAT on purchases but can
HMRC override your decision?
Published 16.10.2019
The difficult trading conditions over the last couple of years have hit small businesses particularly hard. Some have fallen below the VAT deregistration threshold. What do you need to consider
before deregistering?
Published 12.05.2010
You run a business which has a steady monthly stream of income. You have never breached the registration threshold, but a large one-off contract has changed this. Can you avoid registering for VAT?
Published 26.05.2017