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Use online vat registration for quicker and safe vat enrolling


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If you’re a trader based 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. Most countries have computerised their vat operations and you too should reduce effort and time by using all online vat services provided by your 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 in the past 12 months or if you feel that they are going to do so within the next 30 days, although you can still register before your sales touch this figure. However, you can at present only complete basic vat online registration by filling and submitting vat form 1 online. This form is generally used by small businesses. If your organization is a partnership firm, a group of companies, or intends to conduct business internationally then you can download and print all vat registration forms but will be required to fill up the form manually before sending it to the HM Revenue and Customs or hmrc vat department.

If you are planning to go in for online vat registration in another eu country which has adopted vat then you’ll have 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 intend to conduct your small business on an international level. This may allow 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 your hmrc department then you’ll receive a vat questionnaire within 15 days that will need additional details to be submitted such as your business address, telephone and fax numbers, bank account numbers, and several other details associated with your business including a few purchase and sales invoices.

Once your application is approved then you will receive your vat number and you will now need to change your invoicing approach to issue vat invoices for all of 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 have to be submitted to the hmrc vat department at regular intervals.

Currently, in the UK you will discover 3 different types of vat rates applicable for all services and goods. The regular vat rate is 17.5% that is 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 that will stay the same. There’s also certain goods and services that are vat exempt. However, the vat rates will vary in each eu country even though basic reasoning behind charging vat tax continues to be same in all vat enabled countries.

If you wish to register your business for vat then going online will help save time and also enable you to securely complete the necessary process needed for vat registration. You should simply log on to the hmrc vat department if your business is based in the UK or ask your vat agent to do so on your behalf before using online vat registration to have registered as being a vat dealer without any problem.