HMRC have issued a Direction formally extending the deadline by which the final VAT return must be submitted in the scenario where HMRC notify the person of the effective date of cancellation of their VAT registration after the effective date has itself already passed. Under the new Direction the period for the making of the final return ends one month from the date of HMRC’s letter which contains the notification.
This covers final returns due under SI 1995/2518 reg 25(4) where a person ceases to be liable to be registered or ceases to be entitled to be registered (for example where the business ceases to make taxable supplies). Regulation 25(4) otherwise provides that the deadline for the final return is within one month of the effective date of cancellation of registration.
The Direction has effect in relation to a person who ceases to be liable/entitled to...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
HMRC have issued a Direction formally extending the deadline by which the final VAT return must be submitted in the scenario where HMRC notify the person of the effective date of cancellation of their VAT registration after the effective date has itself already passed. Under the new Direction the period for the making of the final return ends one month from the date of HMRC’s letter which contains the notification.
This covers final returns due under SI 1995/2518 reg 25(4) where a person ceases to be liable to be registered or ceases to be entitled to be registered (for example where the business ceases to make taxable supplies). Regulation 25(4) otherwise provides that the deadline for the final return is within one month of the effective date of cancellation of registration.
The Direction has effect in relation to a person who ceases to be liable/entitled to...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
