Retrospective VAT de-registration

I registered my business for VAT voluntarily, because I thought it would be beneficial for my business. But looking at the numbers, it doesn’t look that way so I will be cancelling my VAT registration in due course. I was just wondering if I could retrospectively cancel it- so that I could recoup the VAT I have paid on my sales so far?

1st July 2012

I am afraid retrospective cancellation of your VAT registration is not possible. The cancellation only applies once HM Revenue & Customs (HMRC) has received your de-registration form- HMRC Form VAT 7 which is available from their website

You may opt for a future date though.

There are lots of considerations when de-registering for VAT such as the date to de-register and the VAT you have recovered on your stock and certain capital items. If you would like assistance with this, please feel free to contact your local TaxAssist Accountant.

By Jo Nockels

Disclaimer: Advice shared in this blog is intended to inform rather than advise. Taxpayer's circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this forum, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

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