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Canceling Your VAT Registration without stress

Are you a business owner or a registered taxpayer looking to cancel your Value Added Tax (VAT) registration? VAT deregistration can become necessary for various reasons, such as closing your business, changing your business structure, or if your turnover falls below the VAT threshold.
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Start a VAT deregistration with Lovat in 3 easy steps

Fill an application form

Fill an application form

Send listed docs

Send listed docs

File your final VAT return

File your final VAT return

In just three steps, you'll be well on your way to VAT deregistration with Lovat by your side. It's that simple. So, what are you waiting for?

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Group 1

When should you deregister?

  • No Longer Reaching the VAT Registration Threshold: One common reason for VAT deregistration is when a business’s turnover falls below the VAT registration threshold. This can happen due to changes in your business operations or a decrease in sales.
  • Business Closure, Change of Ownership, or Exiting a Market: If your business is closing its doors, undergoing a change in ownership, or exiting a specific market, VAT deregistration may be necessary.
  • Change in Business Activity: If your business undergoes a change in its primary activities to the extent that it is no longer required to be VAT registered, deregistration is an option.
  • Joining a VAT Group: When a company becomes part of a VAT group, it loses its individual VAT registration and must deregister as a separate entity.
  • Exporting Goods or Services Outside the EU: If your business exports goods or services outside the European Union and qualifies for zero-rated VAT on these exports, VAT registration may no longer be required.

 

Just write us, and we'll dive into the nitty-gritty of your unique situation

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Group 2

How to deregister

  • Contact Lovat: We can help you assess your situation and determine if VAT deregistration is the right choice for your business.
  • Complete the necessary paperwork. Once we’ve determined that VAT deregistration is the best course of action, we’ll help you complete all the required paperwork and procedures.
  • Commence the Deregistration Process: We’ll assess the requirements for your jurisdiction and can even take over the necessary accounts to start the deregistration process.

€200 - VAT Deregistration fee

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The Lovat Advantage

  • Expert advice: Our team of VAT specialists has the experience and knowledge to help you make the best decision for your business.
  • Streamlined process: We handle all the necessary paperwork and procedures, so you can focus on running your business.
  • Global reach: We have fiscal representatives in place for every jurisdiction that requires domestic support.
  • Personalized service: We tailor our services to meet the unique needs of each client.

Reactivating Your VAT Number

Lovat can help you with the VAT reactivation process in any country or jurisdiction of your choice. We have the expertise and the experience to assist you with every step of the process, such as:

  • Assessing if you are eligible and required to reactivate your VAT number and advising you accordingly.
  • Preparing and submitting the application form and supporting documents to the tax authorities.
  • Communicating and negotiating with the tax authorities on your behalf.
  • Paying the fee or the penalty for reactivating your VAT number, if applicable.
  • Confirming and verifying your reactivated VAT number and updating your VAT records and reports.

Lovat can save you time, money, and hassle when it comes to VAT reactivation. We can handle the entire process for you, ensuring that you comply with the relevant tax regulations and avoid any errors or penalties. Contact us today and we will be happy to assist you. Read more about VAT number reactivation here.

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Frequently asked questions

How long does the VAT deregistration process take?

The duration of the VAT registration revocation process may vary depending on the tax jurisdiction and specific business circumstances. In general, the timeframe for completing the VAT registration revocation procedure can range from several days to 2 months. Factors affecting the processing time include the speed of the tax authorities, the completeness and accuracy of the documentation provided, additional questions from the tax authorities, and the existence of outstanding tax liabilities to be paid.

What documents need to be submitted along with the VAT deregistration application?

The specific documents required for deregistration as a VAT payer may vary depending on the country of deregistration, but generally these are: - application for deregistration - VAT certificate - reasons for deregistration - proof of settled debts - passport of the managing director

How do I deregister for VAT?

The process of deregistering for VAT varies depending on the country in which you are registered. However, in general, you will need to submit a deregistration application to the tax authorities. This application may require you to provide information such as your VAT registration number, the date on which you wish to deregister, and the reason for deregistration.

Can VAT deregistration be initiated by tax authorities, and under what circumstances?

According to the law, under certain circumstances, the tax authorities may initiate the process of revoking a VAT registration. The specific reason may vary from jurisdiction to jurisdiction, but there are general reasons: - inactivity or termination of business: - failure to comply with requirements - failure to pay tax liabilities - violation of tax laws