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Use online vat registration for quicker and secure 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 so you too should reduce time and effort by utilizing all online vat services provided by your own vat department.

In the UK vat rules specify that you can make an application for vat registration if your taxable sales rise over the vat threshold limit of £70,000 in 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 even before your 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 businesses. If your organization is a partnership firm, a group of companies, or intends to do business internationally then you can download and print all vat registration forms but will probably be needed to fill 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 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 case you plan to conduct your business on an international level. This will enable you to remain safe while following all vat rules in several countries with falling foul of any department.

Once 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 a lot of other details connected to your business including a few purchase and sales invoices.

As soon as your application is approved then you will receive your vat number and you’ll 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 also the same must also be shown in 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 for all services and goods. The regular vat rates are 17.5% that’s set to increase to 20% from January 4, 2011 onwards. There is a reduced vat rate of 5% plus a zero vat rate on specific goods and services which will remain the same. There’s 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 remains the same in most vat enabled countries.

If you wish to register your organization for vat then going online may help save your time plus enable you to securely complete the necessary process needed for vat registration. You should 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 on your behalf before using online vat registration to have registered as a vat dealer without any problem.