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Use online vat registration for quicker and safe vat registering


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If you’re a trader based in the UK or 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 reduce effort and time by using all online vat services provided by your own vat department.

In the United Kingdom vat rules specify that you can make an application for vat registration in case your taxable sales rise above the vat threshold limit of £70,000 during the past 12 months or if you feel they will do so within the next 1 month, even though you can still register even before the sales touch this figure. However, you can at the moment only complete basic vat online registration by filling and submitting vat form 1 online. This method is normally used by small establishments. 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 up 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 will need to first study all applicable vat rules before you register your business online. Should you have trouble in deciphering uk vat or eu vat rules then it is better if you appoint a vat agent or perhaps a customs and excise customs vat agent in the event you intend to conduct your 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.

When 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 such as 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 approved you will receive your vat number and you’ll now have to alter your invoicing approach to issue vat invoices for all your sales. This vat invoice will have 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 UK there are 3 different types of vat rates applicable for all goods and services. The standard vat rates are 17.5% that’s set to raise to 20% from January 4, 2011 onwards. There’s a reduced vat rate of 5% plus a zero vat rate on specific goods and services which will stay the same. There’s also certain products or services which are vat exempt. However, the vat rates are different in each eu country even though basic concept of charging vat tax remains the same in all vat enabled countries.

If you want to register your business for vat then going on the internet may help save your time and also 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 so for you before using online vat registration to get registered as a vat dealer without having problem.