You must submit your final declaration within one month of the date of cancellation, unless you are part of the cash accounting system. A vendor may apply for the cancellation of a VAT registration if the value of taxable supplies is below the mandatory registration threshold of R1 million for a consecutive period of 12 months. Ref: VAT7 public-online.hmrc.gov.uk/lc/content/xfaforms/profiles/forms.html?contentRoot=repository:///Applications/Vat_iForms/1.0/VAT7&template=VAT7.xdp If you cannot use the online service, fill in and submit the VAT7 form to cancel your VAT registration by post. A seller`s VAT registration may be cancelled by the Commissioner or the vendor if certain conditions are met. HMRC will automatically re-register you if it determines that you should not have cancelled. You must take into account the VAT you should have paid in the meantime. You must cancel your registration if you are no longer eligible for VAT. For example: Tip: SARS cannot complete your registration as a VAT seller until all outstanding obligations and obligations under the VAT Act have been clarified or settled. One of the separately registered companies/departments/branches of a seller may also be cancelled if: – Revenue will also cancel your VAT registration if your registration is not appropriate. Added details on cancelling your VAT registration online. It usually takes HMRC 3 weeks to confirm your cancellation and official cancellation date. This is either the date on which the reason for your cancellation took effect (for example, when you stopped trading) or the date you requested the cancellation.

With effect from 1 April 2019, the mandatory registration threshold for foreign electronic service providers has been raised from R50,000 to R1 million. These suppliers may apply for cancellation of their VAT registration if the value of the electronic services for South African recipients has not exceeded R1 million in the previous 12 months. In this section, you will learn how to cancel your VAT registration. You do not have to charge VAT from the date of cancellation. You must keep all VAT records for 6 years. The cancellation of a branch declaration means that all obligations revert to the main registration. It should be noted that if the VAT registration of the main registration is abolished, the VAT registration of branches will also be abolished. You must file a final VAT return for the period up to and including the cancellation date.

If you wish to cancel your VAT registration, please contact your tax office. If you do not inform your tax office, return forms and estimated VAT debt claims will continue to be issued automatically. Log out online or use the VAT7 form to cancel your VAT registration. You must complete the form before you can print it. You can`t save a partially completed form, so we recommend that you gather all your information before you start filling it out. The Commissioner will also cancel a VAT registration if: – If you have chosen to register, separate cancellation rules apply, which may result in a refund of the VAT returned to you by the winnings. Please note that there are special provisions for the cancellation of an election by farmers and by persons offering short-term or holiday accommodation. If the seller has hired all the businesses, the cancellation will normally take effect from the last day of the tax period during which the seller ceased to operate all the businesses. However, the Commissioner may set the effective date on a different date. Fill out the online form, print it out and send it to HMRC. The address to which it must be sent is included in the form. If you participate in the Cash Accounting Scheme, submit your final return within 2 months of the cancellation date.

You must cancel within 30 days if you are no longer eligible, otherwise you could be fined. To log out online, you need your Government Portal username and password. HMRC will send a confirmation to your VAT account online or by post if you do not apply online. If you are using an older browser, such as Internet Explorer 8, you will need to update it or use a different browser. Learn more about browsers. You should consider all inventory and other assets you have on that date if both of the following conditions are met: Do not wait until you have received all your invoices before submitting your final return. If you receive it, you can still claim VAT. www.tax.service.gov.uk/business-account/manage-account/deregister The Welsh version of the VAT7 PDF has been replaced by a printed and post iForm.