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all "Deregistration: an opportunity to escape the VAT club?"
related advice.There are 10 results
One of your companies has ceased to trade due to the adverse impact of the pandemic. However, you are still owed a lot of money by some customers. Should you delay deregistering until they have paid
their debts?
Published 01.06.2021
A subscriber owns a boat chartering business but now wants to deregister because their income has fallen below the VAT threshold. What pitfalls should they be aware of before giving up their VAT
number?
Published 28.03.2019
One of our subscribers deregistered from VAT two months ago because of an expectation of reduced turnover. But they are concerned that they must re-register immediately because sales have still
exceeded £85,000. Are their concerns justified?
Published 28.06.2022
You are the treasurer of a local sports club, which is VAT registered. Annual taxable sales are £100,000 and VAT is a big overhead of the club. Why could changing the club’s business structure mean
you could deregister and save money?
Published 03.02.2020
The VAT deregistration threshold increase means more businesses could be able to deregister. What should you look out for to ensure that there are no unpleasant surprises and you don’t pay any
unnecessary VAT?
Published 06.10.2017
Two subscribers traded as a farming partnership until the end of 2019. Income is now earned from letting a barn and farming equipment. No VAT has been charged because they intended to deregister from
VAT but forgot. Is there a problem?
Published 03.02.2021
If turnover is falling and you have the opportunity to de-register for VAT there are many advantages - but there are pitfalls to consider too. What are the principal ones to look out for?
Published 05.03.2013
You are closing down one of your companies, and so are deregistering it. However, you still have outgoings on which VAT is charged, including the office rent. Can you reclaim this even though the
company is no longer registered?
Published 03.09.2018
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