Value Added Tax Consolidation Act 2010 section 7

Treatment of persons as not accountable

Section 7 allows Revenue to treat a VAT-registered person as no longer being an accountable person, effectively cancelling their VAT registration where they are no longer required to be registered.

• A person who is registered for VAT but no longer meets the conditions requiring registration may apply to have their registration cancelled.
• Revenue must be satisfied that, without a voluntary election to register, the person would not be an accountable person (e.g. turnover has fallen below the registration threshold or trading has ceased).
• This provision does not apply to persons who elected to register under section 6(1) and then cancelled that election — those cases are dealt with separately under section 8.
• Where Revenue cancels the registration under this section, the person is not required to repay any excess VAT refunds received during the period of registration.