Value Added Tax Act 1994 section 42

Notification of matters affecting continuance of registration

Section 42 requires persons registered under this part of Schedule 9ZA to notify HMRC when they cease to be registrable or when they make their first relevant acquisition after registration.

• A person who ceases to be registrable must notify HMRC within 30 days of the date they cease to be registrable.
• A person registered voluntarily under paragraph 41(2) must notify HMRC within 30 days of their first relevant acquisition after registration.
• A person ceases to be registrable if they would no longer be liable or entitled to be registered under the Act, ignoring their current registration and any rules preventing dual registration.
• A voluntarily registered person who has never been otherwise registrable ceases to be registrable when they no longer intend to make relevant acquisitions.