VAT Cancellation Advice - Should I do it or NOT
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Seller_zbbK8Mjvimn1O

VAT Cancellation Advice - Should I do it or NOT

Hi, Due to consistent drop in sales every since we entered the COVID19 era I am now considering cancelling my VAT registration.

Before I do that - any word of advice or things to consider would be helpful, please.

Or if anyone has done the same recently and what are the complexities after doing this, if any?

Looking forward to your advice.

Regards,

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Seller_7VbclcPFFRTnc
In reply to: Seller_zbbK8Mjvimn1O’s post

UK VAT ?

are you at the threshold where you are able to deregister ?
Are you 100% that you will not go near the threshold again ?
Are you aware that you have to account for stock and assets that you still have ?

If you do go ahead, make sure you have your deregistration certificate from HMRC before telling amazon as they will want to see it

VAT registration: Cancel registration - GOV.UK (www.gov.uk)

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