If your business circumstances have changed you have a responsibility to consider whether your Australian business number (ABN) needs to be updated or cancelled.
You should cancel your ABN if your business:
You may also need to cancel your ABN if your business structure has changed.
Before you cancel your ABN make sure you have met any lodgment, reporting and payment obligations you have to government agencies you deal with. This could include lodging activity statements and pay as you go (PAYG) withholding reports, repaying a proportion of GST creditsExternal Link you have previously claimed on any business assets/stock you retain, and paying outstanding tax debts.
Cancelling your ABN will:
If you want to cancel your PAYG withholding, you must cancel it before you cancel your ABN. Cancelling your GST, fuel tax credits or PAYG withholding registrations does not mean you are cancelling your ABN.
The fastest way to cancel your ABN is online using AUSkey.
You can also contact us or lodge a form by mail to cancel your ABN.
Take note: It is an offence to quote your ABN for any business transactions once it has been cancelled.