I voluntarily registered my small consulting business for VAT to reclaim expenses, but now my income has dropped. I’m wondering—can businesses that have voluntarily registered for VAT be deregistered again, or am I required to stay VAT registered once I’ve signed up?
Answer by: abdullah-al-naim
6 months ago
Yes, businesses voluntarily registered for VAT can be deregistered again. However, a few conditions must be met to be eligible for deregistration.
Voluntary VAT Registration in the UK: Opportunity or Necessity
