Get Official Form 427

A business can make the claim by completing a form VAT 427 business, which can be downloaded from the Gov.uk website. It can be completed online, but it has to be printed off and sent to HMRC, along with the original invoices. The claim has to be made within four years of the date the supply was made to the business.

However, deregistration of VAT also brings some disadvantages. After this, it is no longer possible for a company to deduct company expenses from VAT. Often, disorder spreads on the company accounts after the VAT return, since one is no longer obliged to continuously check them and bring them up to the correct status.

Making a claim A business can make the claim by completing a form VAT 427 business, which can be downloaded from the Gov.uk website. It can be completed online, but it has to be printed off and sent to HMRC, along with the original invoices.

If you deregistered you would need to apply for a new VAT number. You can write into request that your old VAT number is reinstated but you will need to account for any VAT since your deregistration date. Ultimately it is that departments decision regarding reinstating the VAT number.

The right to deduct input tax stops at the date a business deregisters for VAT. However, VAT can be reclaimed where services supplied after the date of deregistration relate to the business activity carried on while the business was registered.

VAT after you cancel You'll have to submit a final VAT Return for the period up to and including the cancellation date.

Once you deregister for VAT and make your final VAT submission, you can reclaim or claim VAT relief using a VAT427 form.