Deregistration and re-registration

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We have come across a few taxpayers where they have lost sleep over whether they should or must become registered for VAT soon after deregistering.

The good news is that, if the taxpayer was properly deregistered, his taxable turnover from before the date of deregistration does not count towards his future registration threshold.

The statutory reference is VAT Act 1994, Sch 1, para 4.

I struggled to find much HMRC guidance on this point. This is an open-ended and vague comment in Notice 700/1 (para 2.11), which gives little certainty.

HMRC Internal Guidance is much better and confirms the legislation: https://www.gov.uk/hmrc-internal-manuals/vat-registration-manual/vatreg0...

About Les Howard

chips_at_mattersey

Hi, I am a VAT Consultant, working mainly with charities. I am based in Cambridgeshire

I have over 20 years experience in VAT, and am currently also a part-time member of the Tax Tribunals.

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