Changes to the goods and services you supply
You need to inform IRD within 7 calendar days if your main business activity changes.
Circumstances in which you must cancel your VAT registration include the following:
- You're registered for VAT because you supply goods and/or services that are taxable, under the VAT system and you are no longer engaged in that taxable activity
- You were registered because you intended to supply taxable goods and services, but this is no longer the case
- You supplied, or intended to supply, goods and services outside the federation that would have been taxable in the federation, but this is no longer the case
You can choose to cancel your registration if your goods and services become wholly or mainly exempted, even if your turnover is above the annual registration threshold - currently $150,000 or $96,000 where applicable.