How do I deregister for VAT and what do I need to do after cancelling my VAT registration?

You can usually cancel your VAT registration online through your VAT online account on GOV.UK, or use form VAT7 if you cannot apply online. Voluntary deregistration may be possible if your taxable turnover is below the deregistration threshold, currently £88,000, although other rules can apply. You must submit a final VAT Return, account for VAT on eligible stock and assets held at the cancellation date, and stop charging VAT from that date. Keep your VAT records for the required period and check GOV.UK for the latest process and thresholds.