VATREG20200 | Exemption from registration: changes in circumstance which may affect exemption

Where a person who has been granted exemption changes the nature of their business or the ratio of their standard-rated and zero-rated supplies, they are required to notify the Commissioners as follows:

If there is a material change in the nature of the supplies, the person must notify us

• within 30 days of the date it occurred, or

• if a particular date cannot be identified, within 30 days of the end of the quarter in which the change happened

If there is a material alteration in the proportion of taxable supplies, the person must notify us within 30 days of the end of the quarter in which the proportion changed.

References to a ‘quarter’ above should be taken to mean any three consecutive months.

Any person granted exemption who fails to notify any such change is liable to a penalty.