Use online vat registration for faster and safe vat registering

If you are a trader located in the UK or other EU country which 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 so you too should save on effort and time by using all online vat services offered by your vat department vat control.

In the UK vat rules specify that you could apply for vat registration in case your taxable sales rise over the vat threshold limit of £70,000 during the past 1 year or if you feel that they are going to do so over the following 1 month, even though you could register even before the 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 normally used by small businesses. In case your business is a partnership firm, a group of companies, or plans to do 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 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’ll have to first study all applicable vat rules before you decide to register your business online. In case 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 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 get 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 small business together with a few purchase and sales invoices.

Once your application is approved you will receive your vat number and you will now need 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 displayed on your vat returns that will have to be submitted to the hmrc vat department at regular intervals.

Currently, in the United Kingdom you will discover 3 types of vat rates applicable to all services and goods. The regular vat rates are 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 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 even though basic reasoning behind charging vat tax continues to be same in most vat enabled countries vat control.

If you want to register your business for vat then going on the internet will help save time plus allow 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 have registered as a vat dealer without any problem.