I have a Domain name. Can I cancel a domain name?
Once you have submitted your domain name for registration, your payment will be processed and your domain submitted for registration. It cannot normally be cancelled without still paying the standard registration fees – this is because as soon as we have submitted the domain the registrar will enter it on the central database and invoice us for the central registry fees.
Of course once your have your domain name – if you decide you no longer need the domain you can cancel it at any time before it comes due for renewal (usually 2 years) and will not then be liable to pay renewal fees on that domain name.