VATDREG08365 - Cancellation in particular cases: intending traders: cancellation procedure

Follow the normal cancellation procedures and bear in mind the following points:

• The trader must complete the final return (VAT 193).
• If the trader does not send in a final return, even after the normal reminder notices, we may complete a pro-forma final nil return on a VAT 127 (signed at an appropriate grade) locally provided we are satisfied that there is no VAT owed to the Department.
• Normally, there is no TOGC if an intending trader sells a business before they have made taxable supplies. Tax is due, under the normal rules, on stocks and assets which remain on hand at the time of deregistration.