VAT-Deregistration

Know why businesses can find themselves in a position of conflict with FTA.

The most common reasons for this are:

1. When FTA takes a different view on the VAT liability of a transaction or series of transactions.
2. When a business fails to address a VAT matter in a timely manner for example a late application to register for VAT, which can lead to penalties.
3. Where there are errors in submitting information to FTA, which again can lead to penalties, application to register for VAT, which can lead to penalties.