Re registering for vat after de registration
Hi all,
I have a client that de-registered for vat as they went under the threshold for vat and were expected to stay under for 12 months.
But I have just checked the last 12 months t/o and they are above the vat threshold again.
I have been trying to find guidance on this, but to no avail.
My questions are:
When checking the turn over for the vat threshold, is it still checking back over on a rolling 12 month period, because I have read that you only check from the date of de-registration, which could mean less than 12 months in my case?
Also when doing the calculation for the turnover, part of the months I'm checking they were vat registered, so do I take the turn over figure net of vat or including vat for these months?
Many thanks in advance.
I have a client that de-registered for vat as they went under the threshold for vat and were expected to stay under for 12 months.
But I have just checked the last 12 months t/o and they are above the vat threshold again.
I have been trying to find guidance on this, but to no avail.
My questions are:
When checking the turn over for the vat threshold, is it still checking back over on a rolling 12 month period, because I have read that you only check from the date of de-registration, which could mean less than 12 months in my case?
Also when doing the calculation for the turnover, part of the months I'm checking they were vat registered, so do I take the turn over figure net of vat or including vat for these months?
Many thanks in advance.
0
Comments
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As far as I am aware the clock resets and starts again from the date of de-registration0
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Thanks Douglas, ok so you start from date of when company de registered then, for checking turnover?0
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Just called HMRC they say that it would still be the turnover for the rolling 12 month period that needs to be looked at. Regardless of the de registration that was in Feb 19.0
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Well then I disagree with HMRC0
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That's worrying, what I am going to do is tell HMRC in writing the situation, then it's in black and white, as I have no proof with a telephone call.0
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Thanks for your comments though.0
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No problems, as discussed over on Bookkeepers Forum you should never rely on what HMRC tell you as all they do is offer guidance which is not always correct0
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I think I'll move over to bookkeepers forum for further discussion on this now.0
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