Client has suffered a downturn in his workoad - has had to lay off the 2 CIS subbies he uses.
Applied for deregistration as his income has gone down drastically and with VAT he cant be compete with similar businesses.
HMRC have refused and I suspect thats because his last 3 returns showed total sales of £27,000 ish each net
How long will he have to wait until he can try to deregister again? He has a 31 March VAT return to submit which looks as though it will show only £8K sales
Shall I try again after that submission or wait until after the 30 June has been submitted?