Once you’re registered for VAT, there may come a point where you want to change the VAT scheme you’re on – for example, you may want to swap from the standard VAT scheme to the flat-rate scheme.
To do this, you have to apply directly to HM Revenue & Customs (HMRC) to request a change to a different scheme.
How to change schemes
There are two ways to request a change to your VAT scheme:
- Online through your VAT online account – your online Government Gateway account.
- By filling out form VAT484 and giving HMRC the information that’s needed – you can download the form here.
The decision is down to HMRC
You have no legal right to change to a different scheme – it’s up to HMRC to decide if they’ll grant your request. Once you’ve filled out the information online, or with form VAT484, HMRC will review your business situation and will make a decision on whether you can swap schemes.
The same applies with deregistering for VAT. If your business shrinks and there’s no benefit to you being VAT registered, you have to apply to deregister from the VAT scheme. HMRC controls this process and has the final say over whether you can register or deregister.
If you’re looking to swap VAT scheme, give us a call on 01454 300 999, or drop an email to email@example.com