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worchyld worchyld is offline
Maven
Join Date: Mar 2004
Posts: 75
VAT de-registration question

I'm completing a VAT de-registration form, it asks:

Quote:
Please estimate the total gross value including VAT of the stocks and assets you have on hand for which VAT is due
What does this mean? Does it mean the amount we paid to the VAT man? Does it mean the total income or the total outgoings? Does it mean profit/loss?

We don't have any stocks and don't have any assets that I am aware of; we only have invoice income.

How do I estimate the total gross value including VAT of the stocks and assets we have on hand for which VAT is due?

Thanks.
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James Smith's Avatar James Smith James Smith is offline
Connector
Join Date: Mar 2003
Location: Abingdon, Oxfordshire
Posts: 2,044
If you dont have any stock or very unusually any assets (eg computers - your PC would normally be a business asset) then the answer will by definition be zero.
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