VAT - Compulsory Deregistration Flashcards
1
Q
When must a person deregister?
A
When the business ceases to make taxable supplies
2
Q
When must HMRC be notified of the deregistration by?
A
HMRC must be notified within 30 days (starting on the date the person becomes aware that the business will no longer make taxable supplies)
3
Q
When is deregistration effective from?
A
The date taxable supplies cease
