Use online vat registration for faster and safe vat enrolling

by admin on 2018/04/25

If you are a trader located in the UK or other EU country which has adopted vat to be a medium of taxation you then should use online VAT registration for faster and secure vat registering http://www.checkvatnumber.com. Most countries have computerised their vat operations so you too should reduce effort and time by utilizing all online vat services provided by your vat department.

In the UK vat rules specify that you can apply for vat registration in case your taxable sales rise above the vat threshold limit of £70,000 in the past 12 months or if you feel that they will do so within the next 30 days, although you can still register before the sales touch this figure. However, you can at the moment only complete basic vat online registration by filling up and submitting vat form 1 online. This method is normally utilised by small businesses. In case your business is a partnership firm, a group of companies, or plans to conduct business internationally then you could download and print all vat registration forms but will probably be needed to fill the form manually before sending it back to the HM Revenue and Customs or hmrc vat department.

If you plan to go in for online vat registration in another eu country that has adopted vat then you’ll need to first study all applicable vat rules before you decide to register your business online. Should you have trouble in deciphering uk vat or eu vat rules then its better if you appoint a vat agent or perhaps a customs and excise customs vat agent in the event you plan to conduct your small business on an international level. This will enable you to remain safe while following all vat rules in different countries with falling foul of any department.

Once you send your vat online registration form to your hmrc department then you will get a vat questionnaire within 15 days that will require additional details to be submitted including your organization address, telephone and fax numbers, bank account numbers, and a lot of other details connected to your small business together with a few purchase and sales invoices.

As soon as your application is eligible you will receive your vat number and you will now have to alter your invoicing approach to issue vat invoices for all your sales. This vat invoice will need to display your vat no, vat rate, vat amount and also the same will also need to be shown in your vat returns which will have to be submitted to the hmrc vat department at regular intervals.

Currently, in the United Kingdom you will discover 3 types of vat rates applicable for all services and goods. The standard vat rates are 17.5% that’s set to increase to 20% from January 4, 2011 onwards. There is a reduced vat rate of 5% and a zero vat rate on specific services and goods that will stay the same. There are also certain goods and services which are vat exempt. However, the vat rates will vary in each eu country even though basic concept of charging vat tax continues to be same in all vat enabled countries.

If you wish to register your business for vat then going on the internet may help save time plus allow you to securely complete the required process needed for vat registration. You ought to simply log on to the hmrc vat department in case your business is located in the UK or ask your vat agent to do this for you before using online vat registration to get registered as being a vat dealer without any problem.

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