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Cancel your GST registration

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If you are in a GST group

There is a different process to cancel a GST group’s registration.

Cancel a GST group registration

If you are not in a GST group

 

Log in to myIR

Select your GST account

Select 'Cancel account registration'

What happens next

We'll contact you if we need more information. Otherwise we'll send you confirmation within 5 working days that your registration has been cancelled.

My responsibilities

You need to file a final GST return.

The date you need to do this by depends on your filing frequency. Your final return needs to cover your taxable activity between the first and last dates of your taxable period.

For example, if you file two-monthly and you cancel your GST on 15 September, your final return needs to cover the period from 1 September to 31 October.

You need to complete the ‘debit adjustments’ or ‘credit adjustment’ sections if:

  • you are keeping any assets the business owns for your private use or to use in another business
  • the business owes money to creditor
  • any debtors owe you money.

Use the open (current) market value of assets you are keeping. 

For assets bought before 1 October 1986, the value will be the lesser of the cost price and the open market value.

For assets bought on or after 1 October 1986, work out the GST on the asset using this formula:

(open market value x 3) ÷ 23

The open market value is the value of the asset as if you sold it today.

You need to return the GST of the value of the asset in your final GST return, regardless of the accounting basis you use. 

 

You can also cancel your GST registration by sending us a message in myIR or calling us on 0800 377 776.