The option for a registered taxable person to revoke their VAT registration is known as tax de-registration. It entails cancelling the taxable person's registration and Tax Registration Number (TRN). A person registered under VAT may apply for tax de-registration, or the FTA may take action if it determines that the individual fits the requirements.
With the aforementioned requirements for VAT de-registration in mind, the following process should also be taken into account:
Understanding the rules and regulations that must be adhered to in order to de-register for VAT is necessary. At Oxford Auditing, we support our clients with all the sophisticated accumulated tax expertise that our staff members possess, allowing us to offer the highest level of service.