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What is a VAT 769 form?

Use form VAT769 to notify HM Revenue and Customs of an insolvency of a VAT-registered trader.

How do I claim VAT back after deregistration?

Use form VAT 427 to reclaim VAT or claim VAT relief after you have cancelled your VAT registration. You can use this form to: reclaim VAT paid (input tax) on purchases when you were VAT registered. reclaim VAT paid (input tax) on certain services you bought after you cancelled your VAT registration.

Why would you deregister for VAT?

Why must a business deregister for VAT? A business must deregister for VAT in the following cases: If it stops making taxable supplies and has no intention of producing them in the future. If the legal entity changes, for instance, from a sole trader to a company.

Will the VAT threshold go up in 2022?

The VAT registration and deregistration thresholds will not change for 2 years from 1 April 2022. The taxable turnover threshold, which determines whether a person must be registered for VAT, will remain at £85,000 until 31 March 2024.