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Understanding the process of [https://theonlinevatcalculator.co.uk/](VAT and registering and deregistering for VAT) is crucial for businesses. Registration for VAT is required when a business's taxable turnover exceeds a certain threshold. Once registered, businesses must charge VAT on their sales and can claim back VAT on their purchases. Conversely, deregistering may be necessary if a business's turnover falls below the threshold or if the business ceases trading.