Use online vat registration for faster and secure vat registering

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

In the UK 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 that they will do so over the following 1 month, although you could register before the sales touch this figure. However, you are able to at the moment only complete basic vat online registration by filling up and submitting vat form 1 online. This method is generally utilised by small establishments. In case your organization is a partnership firm, a group of companies, or plans to do business internationally then you can download and print all vat registration forms but will probably be required 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 decide to 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 even a customs and excise customs vat agent in the event you intend to conduct your 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.

Once you send your vat online registration form to your hmrc department then you will receive a vat questionnaire within 15 days that will require additional details to be submitted including your business address, telephone and fax numbers, bank account numbers, and several other details connected to 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 have to alter your invoicing method 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 must also be shown on 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 different types of vat rates applicable to all services and goods. The standard vat rate is 17.5% that is set to raise 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 which will remain the same. There are also certain products or services which are vat exempt. However, the vat rates are different in each eu country although the basic concept of charging vat tax remains the same in all vat enabled countries.

If you wish to register your business for vat then going on the internet may help save your time plus allow you to securely complete the necessary process required 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 a vat dealer without any problem.