Published 2 days ago • loading... • Updated 2 days ago

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…

This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

6 Articles

wem.biz

+5 Reposted by 5 other sources

If my business shrinks, should I deregister for VAT?

While we would like to be in a position where every business is on the fast track to growth, there are times when things need to be pared down somewhat. Whether a decline in revenue or a restructuring has resulted in your business contracting, you might be looking to relieve yourself of some of the administrative burdens that come with larger operations. VAT might be on the chopping block, but you should understand the consequences of deregister…

2 days ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year