Cancelling your VAT registration
Cancellation by farmers
If you are a farmer and elected to register for Value-Added Tax (VAT), you may cancel your election by arrangement with your Revenue office.
You must pay Revenue any excess of VAT refunded to you over the tax paid during a review period. The review period is the lesser of:
- the taxable periods during which the election had effect
- or
- three years prior to the date of application for cancellation.
How is the excess VAT calculated for farmers?
When calculating any excess of VAT refunded to you, you must:
- increase the amount of tax you paid by an amount equal to the flat-rate addition which would have been payable to you during the review period (if you had not registered for VAT)
- and
- reduce the amount refunded by the amount of VAT which would have been repayable to you under the farmers refund order during the review period (if you had not registered for VAT).
Next: Cancellation of a holiday home election