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There are a number of reasons why a business may wish or be obliged to cancel its VAT registration. The main reasons for doing so are as follows:

1. Ìý

   •ÌýÌýÌýÌý Turnover falls below the VAT deregistration threshold (see 12.1).

2. Ìý

   A business in this situation can choose whether to continue with its VAT registration or cancel its VAT number.

3. Ìý

   •ÌýÌýÌýÌý Change of legal status.

4. Ìý

   This can happen, for example, where:

5. Ìý
   1. Ìý

      –ÌýÌýÌýÌý a sole trader takes on a partner;

   2. Ìý

      –