Hello
I cannot find any legislation which says this is not possible but at the back of my mind I have a niggle! Can a business whose turnover has genuinely fallen below the VAT deregistration threshold, deregister for VAT then immediately implement a 20% price increase so gross prices to customers remain the same? Mostly B to C business.
thanks
Replies (4)
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Your price on its own is irrelevant, but the quantity you sell at that price might be relevant. Do you understand what I'm driving at?
You would need to consider impact it might have on your rolling 12 month turnover if close to registration threshold when deregistering, you might find yourself back over threshold fairly soon.