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!

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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!

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Peter Connor ⋅ Staff January 30, 2016
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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.

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  1. helloka January 30, 2016
    Thanks Peter. I do realize I need to pay vat once the threshold is reached and have no problem with that however I hasn't happend in 2015 although I anticipated it. It is more beneficial for me to hold off with registration until I'm actually obliged to pay VAT. I will change VAT rates to 0% for the period when I'm not liable yet and add note at the bottom of the invoice to disregard vat number and 0%rate if the reg cannot be undone in bullet.Thanks for your help. Karo
  2. Peter Connor January 30, 2016
    Hi Karo,
    Did the revenue commissioners send you a letter of VAT registration, and did you send invoices to customers with VAT on the invoice? I'm not familiar with the process, but I'd imagine you'd need to contact revenue about it, because even if you haven't paid any VAT/received any VAT refunds from Revenue yourself, Your clients may have claimed refunds on the invoices that you sent them. Perhaps contact Revenue (or ask your accountant to do it) so see what the process entails.
  3. helloka January 30, 2016
    I have just confirmed the vat cancellation with Revenue and the letter will be in by post in the next few days. As far as I know I need to refund VAT to all my invoice customers and make a note for them that it is a refund for VAT charged in invoice so and so... I will double check with my accountant before I start.

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