Termination of business

UKKO Light Company does not offer its customers termination of business ID. You can terminate your Business ID by yourself using the instructions below.

If your private trader operations goes out of business

If your activity ceases completely and you do not intend to continue it later, please follow these steps to completely terminate your Business ID:

1. Use this form to make a termination notice.
2. Submit a notice of termination from your UKKO account in the settings tab. State the date of service termination and the reason for termination. You will receive a confirmation when your termination has been processed.
3. We will return the withheld tax prepayments to your bank account.
4. We process the latest VAT declaration according to the month of termination and pay the VAT to the Tax Office.
5. We will send the materials of your bookkeeping to your email when your bookkeeping is finalized. We will also pay the final balance and VAT on purchases to your account.
6. The business tax return should be done the following spring after the termination of Business ID. Prepare a tax return and a possible VAT return in MyTax.
7. Keep your accounting materials for 10 years and receipts for 6 years.

See here for the Tax Office's checklist for terminating a Business ID.

If you want to change your bookkeeping to somewhere else than UKKO Light Company

If your Business ID continues, but you transfer your bookkeeping elsewhere, see how you should act:

1. Submit a notice of termination from your UKKO account in the settings tab. State the date of service termination and the reason for termination. You will receive a confirmation when your termination has been processed.
2. Make sure that your business is filed with a VAT declaration to the Tax Office.
3. We return VAT, tax prepayments and the final balance to your own bank account.