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Respected Tax Tutor,
first of all many thanks for doing such a great work. Your lecture videos have been of immense help to me.
sir actually i wanted to know if a company has to undergo VAT deregistration either voluntarily or compulsorily, are they allowed to charge Output VAT atleast on the goods on which they have already reclaimed Input VAT and are yet to sell those goods? Or that they have to pay Output VAT to HMRC without having the right to charge output VAT on their final goods(due to their deregistration).
Am specifically talking about those goods on which Input VAT has been claimed.
Your help would be much appreciated.
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