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Use online vat registration for quicker and safe vat registering


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If you’re a trader located in the UK or any other EU country that has adopted vat as 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 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 apply for vat registration in case your taxable sales rise over the vat threshold limit of £70,000 in the past 1 year or if you feel they will do this within the next 1 month, although you can still register even before your 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 generally utilised by small businesses. If your organization 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 be required to fill the form manually before sending it back 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 that has adopted vat then you will 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 even a customs and excise customs vat agent in case you plan to conduct your small business on an international level. This will allow 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 the hmrc department then you will receive a vat questionnaire within 15 days that will require additional details to be submitted including your organization 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 will now need to change your invoicing method 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 shown on your vat returns that will have to be submitted to the hmrc vat department at regular intervals.

Currently, in the UK there are 3 types of vat rates applicable to all goods and services. The regular vat rate is 17.5% that’s set to raise to 20% from January 4, 2011 onwards. There’s a reduced vat rate of 5% and a zero vat rate on specific goods and services which will remain the same. There are also certain products or services which are vat exempt. However, the vat rates will vary in each eu country although the basic reasoning behind charging vat tax continues to be same in all vat enabled countries.

If you want to register your organization for vat then going on the internet may help save your time and also enable you to securely complete the required 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 on your behalf before using online vat registration to get registered as being a vat dealer without having problem.