Cancelling your VAT registration
Cancellation of a holiday home election
Cancellation of an election to register for VAT in respect of the supply of holiday home accommodation
Different rules apply to the cancellation of the election to register for the supply of holiday home accommodation. These rules depend on when the property/holiday home was acquired or developed.
Holiday home acquired or developed on or after 1 July 2008
The cancellation of the election to register for VAT in respect of the supply of holiday home accommodation may require an adjustment under the Capital Goods Scheme (CGS).
Holiday home acquired or developed before 1 July 2008
Specific rules apply to the cancellation of the election to register for VAT in respect of the supply of holiday accommodation in a home acquired prior to July 2008. Where your election to register for VAT is cancelled within 10 years, you must pay a cancellation amount to Revenue.
Further guidance contains more detailed information on the cancellation of a holiday home election.