VATDREG09100 - Values of supplies and acquisitions: future turnover
VAT Act 1994, Schedule 1, paragraph 4(2) provides that we should refuse applications for voluntary deregistration where the trader바카라 사이트™s turnover will be below the deregistration threshold in the next 12 months because they intend to either
- cease trading, or
- suspend trading for a period of 30 days or more (for example seasonal trading).
In these circumstances, we should usually only consider deregistration when taxable supplies actually cease. However, if the trader바카라 사이트™s turnover would be below the deregistration threshold regardless of the cessation or suspension of trade, we can cancel the registration.