Hi Peter, me again….I’ve spoken to my accountant and he advised me to cancel the vat registration for now. Because lots of my overheads, rates and rent etc are vat free it is more beneficial for me to hold off with vat payments for as long as possible. Is it possible to have the vat number removed from the system for now (from 1st Nov 2015)? Sorry to be a pain… thank you!
Hi. I’m afraid we can’t migrate your account backwards but you might be able to just ignore the returns.
I’ll pass this to my coworker he’ll give you a better answer.
I think though when you hit a threshold you have to pay vat.
Anyway John will come back with a better answer for you.
Keep and eye on your mails. You don’t need to keep Bullet open.