Use online vat registration for faster and secure vat registering

If you are a trader based in the UK or any other EU country that 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 effort and time by utilizing all online vat services offered by your vat department.

In the United Kingdom 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 1 year or if you feel they are going to do this within the next 30 days, even though you can still register before the sales touch this figure. However, you can at present only complete basic vat online registration by filling up and submitting vat form 1 online. This method is generally used by small businesses. In case 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 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 organization online. In case 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 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 your hmrc department then you’ll receive a vat questionnaire within 15 days that will require additional details to be submitted such as your business address, telephone and fax numbers, banking account numbers, and several other details connected to your small business including a few purchase and sales invoices.

As soon as your application is approved you will receive your vat number and you will 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 the same must also be displayed on your vat returns which will need 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 rates are 17.5% that is 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 that 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 concept of charging vat tax remains the same in most vat enabled countries.

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