VATDREG04350 - Eligibility or requirement to deregister: schedule 3 - acquisitions: required to deregister

A person making relevant acquisitions is required to deregister in the following circumstances:

Circumstance

If the person

• is registered under Schedule 3 because they made relevant acquisitions from other EU Member States
• stops making relevant acquisitions and
• is not eligible or liable to register in the UK in respect of any taxable supplies, distance sales or relevant supplies

Then they must cancel their registration.

Circumstance

If the person

• is registered in the UK because they intended to make relevant acquisitions under Schedule 3, paragraph 4(2), but
  • they no longer intend to do so, and
  • they are not eligible or liable to register in the UK in respect of any taxable supplies, distance sales or relevant supplies

Then they must cancel their registration.