If your sales turnover has fallen due to the Coronavirus, it may be beneficial to review whether it would be worth your business deregistering for VAT. You can deregister if you think your turnover will be below the VAT deregistration threshold of £83,000 for the next 12 months.
We can also review whether it would be worth moving to a cash accounting or flat rate scheme.
Please drop us a line if you would like to discuss this further.
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