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Cancelling your VAT registration

28 April 2010 No Comment

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Tidying things up nicely

Some clients have a fully managed service from us and some of them do their own VAT. If you’re in that second category and you now need to de-register for VAT, the you need this form:

Form VAT7

Experience tells us that when filling it out, it’s easiest to tick BOX E on page 4  and add the cessation date, skip page 5 and go directly to page 6.

Question 7 is about how much VAT you might “owe” the government. If the total VAT at stake is less than £1,000 then they waive it. So, if you’re stocks and assets are less than about £6,600 in total there is no problem. Most businesses need to show the total value of a computer and a printer and that deals with question 7.

Send the completed form to:

HM Revenue & Customs
77 Victoria St
Grimsby
DN31 1DB

We recommend that it is sent by Recorded Delivery!

Posted on 28 Apr 2010 by The Proactive Accountant Dot Com

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