VAT registration and deregistration ― overview

Produced by a Tolley Value Added Tax expert

Value Added Tax

Guidance

This guidance note is intended to provide an overview of the topic of VAT registration and deregistration.

For in-depth commentary on registration and deregistration, see De Voil Indirect Tax Service Division V2.1.

Key considerations associated with VAT registration and deregistration

There are a number of key VAT areas to consider when registering and deregistering for VAT. The table below summarises many of these and also links to more detailed guidance on each of these subjects:

Area to consider	Description	Guidance
Compulsory VAT registration	VAT registration may be required on a compulsory basis. For UK established businesses, a compulsory registration requirement arises when the VAT registration threshold is breached either under the historic or future tests. Non-established taxable persons do not benefit from a VAT registration threshold. It is essential to be aware of when a registration requirement arises and of the implications that follow	VAT registration ― compulsory
Voluntary VAT registration	When VAT registration is not

Continue reading the full document

To gain access to additional expert tax guidance, workflow tools, and tax research, register for a free trial of Tolley+™

TAKE A FREE TRIAL NOW

Popular Articles

Employment Tax

Loans provided to employees

Loans provided to employeesEmployers sometimes provide their employees with loans, sometimes charging interest and often not, either as part of the reward package or to help the individual meet significant expenditure. For example, it is common to provide loans for the purchase of annual travel

14 Jul 2020 12:11 | Produced by Tolley Read more

Corporation Tax

Premiums on the grant or surrender of a lease

Premiums on the grant or surrender of a leasePremiums on the grant of a lease ― outlineWhen a property investor grants a lease, potentially this could be done on the basis that the tenant pays a premium for the initial grant of the lease, in addition to also paying rent over the term of the lease.

14 Jul 2020 12:58 | Produced by Tolley in association with Rob Durrant-Walker of Crane Dale Tax, part of AMS Group Read more

Employment Tax

Parking provision and expenses

Parking provision and expensesCar parking facilities at or near to the employee’s workplaceThere is an exemption from tax and NIC where an employer provides parking, or pays for or reimburses an employee for the costs associated with car parking at or near the place of work; there are no reporting

14 Jul 2020 11:09 | Produced by Tolley Read more

��Ƶ