Use online vat registration for quicker and secure vat enrolling

by admin on 2017/09/24

If you’re a trader based in the UK or any other EU country that has adopted vat as a medium of taxation then you should use online VAT registration for faster and secure vat registering. Most countries have computerised their vat operations and you too should save on time and effort by using all online vat services provided by your own vat department.

In the United Kingdom vat rules specify that you could make an application for vat registration in case your taxable sales rise over the vat threshold limit of £70,000 during the past 12 months or if you feel they are going to do so over the following 1 month, even though you can still register before the sales touch this figure. However, you are able to at present only complete basic vat online registration by filling up and submitting vat form 1 online. This method is normally used by small establishments. If your business is a partnership firm, a group of companies, or intends to do business internationally then you could download and print all vat registration forms but will be needed to fill the form manually before sending it 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 register your organization 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 may enable you to remain safe while following all vat rules in different countries with falling foul of any department.

When you send your vat online registration form to the hmrc department then you will get a vat questionnaire within 15 days that will need additional details to be submitted such as your business address, telephone and fax numbers, banking account numbers, and several other details associated with your business together with a few purchase and sales invoices.

As soon as your application is eligible you will receive your vat number and you’ll now need to change 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 the same must also be displayed on your vat returns which will need to be submitted to the hmrc vat department at regular intervals.

Currently, in the United Kingdom you will discover 3 different types of vat rates applicable to all services and goods. The regular vat rate is 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 goods and services which will stay the same. There are also certain products or services that are vat exempt. However, the vat rates are different in each eu country even though basic reasoning behind charging vat tax continues to be same in most vat enabled countries.

If you want to register your business for vat then going on the internet may help save your time and also enable you to securely complete the necessary process needed for vat registration. You ought to simply log on to the hmrc vat department if your organization is located in the UK or ask your vat agent to do so for you before using online vat registration to get registered as a vat dealer without any problem.

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