VAT - Voluntary Deregistration Flashcards
1
Q
When may a person voluntarily deregister?
A
A person may voluntarily deregister
(even if the business continues) if there is evidence that taxable supplies will not exceed the deregistration limit within the next 12 months (even if the business continues)
2
Q
When is the 12 month period measured?
A
Starting at any time
3
Q
When is deregistration effective?
A
The date of the request or an agreed later date
