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Should I Deregister for VAT if My Business Shrinks?

United Kingdom · United Kingdom

Should I Deregister for VAT if My Business Shrinks?

Over the next 12 months, many businesses will contract as economic pressures grow. Some contraction can come as a result of restructuring or liquidating assets, but any change in business size is likely to impact administrative obligations. Shrinking businesses may look to deregister for VAT, but it is important that the business owners understand the consequences of doing so. At what point can a business deregister for VAT? Most business owners…See the Story

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