Hi all,

Has anyone encountered a situation where a entity deregistered for VAT because of turnover declining to less than a R1m and projected turnover also looking to be under R1m and then the entity had a better year than expected and ended up with turnover over a million after all? Do you then re-register for VAT from the period where things went better (in this case festive season) than expected and only pay VAT from those periods going forward or will SARS assess you for VAT for the entire period that you were not registered anymore?

Please advise.

Thank you!