How Do I Cancel My VAT Registration?
You can de-register for VAT online, or you can submit a VAT7 form to HMRC through the post to cancel your VAT registration.
Do I need to cancel my VAT registration?
Businesses evolve and change over time, so it may sometimes be necessary to de-register your VAT. If your business stops trading or no longer deals with VAT taxable items, then cancelling your VAT registration is a requirement.
You can also choose to cancel your registration if your turnover is less than the £88,000 de-registration threshold, although it’s sometimes beneficial for a business to be VAT registered.
When should I tell HMRC to cancel my VAT registration?
You must tell HMRC that you need to de-register for VAT within 30 days of becoming ineligible. HMRC are just as strict about de-registering for VAT as they are about registration! Failing to comply with the 30 day VAT de-registration deadline might result in a penalty.
Can I reclaim VAT if I cancel my registration?
Yes, you can reclaim the VAT you incurred whilst registered after you deregister, but just be aware that there are time limits on how long you can leave it before claiming. Complete a VAT427 form to reclaim VAT after you de-register.
Learn more about our online accounting services. Call one of the team on 020 3355 4047, or get an instant quote online.
Want to learn more?
Subscribe to our newsletter to get accounting tips like this right to your inbox
0 Comments
Oldest
Read more posts...
What’s the Best Business Structure for a Contractor?
5th March 2026Independent contractors, consultants, or freelancers are self-employed individuals who work for businesses, usually on a short-term basis. Hiring a contractor enables firms…
Read More
Do I Need Self Assessment or MTD Income Tax?
4th March 2026Making Tax Digital is changing the way sole traders and landlords report income they receive from self-employment and property. It means the…
Read More
Accounting for Cash Payments in UK Businesses
3rd March 2026Card machines, Apple Pay, and bank transfers may be the norm these days, but cash is far from dead. This blog breaks…
Read More
×
What else is included in our accountancy packages?
If you have any questions about our services please call us on 020 3355 4047
Unlimited support via phone or email
Automated reminders for your important deadlines
Annual tax efficiency reviews to reduce your tax bill
Proactive checks of your bookkeeping on Pandle
Automated bank feeds to speed up your bookkeeping
Live chat support on our bookkeeping software
Mobile app to invoice customers & upload receipts
Free representation during a HMRC investigation
Confirm Transactions
The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?
Please contact our sales team if you’re unsure
VAT Returns
It is unlikely you will need this service, unless you are voluntarily registered for VAT.
Are you sure this is correct?
Call us on 020 3355 4047 if you’re not sure.
MTD IT Quarterly Updates
Your final, end of year MTD Income Tax submission is included in your fee, without this add-on service.
We would recommend you submit the quarterly updates yourself using Pandle or alternative bookkeeping software.
However, if you would prefer us to submit these quarterly updates for you, there is an additional fee of £35.00 per month.
Call us on 020 3355 4047 if you’re not sure.
Bookkeeping
You will receive our bookkeeping software Pandle for free, as part of your package.
You can use this to complete your own bookkeeping, or we can provide a quote to complete your bookkeeping for you.
Please select and option below:
Call us on 020 3355 4047 if you’re not sure.