Use online vat registration for quicker and safe vat enrolling

If you are a trader based in the UK or other EU country which has adopted vat as a medium of taxation you then should use online VAT registration for faster and secure vat registering checkvatnumber-com. Most countries have computerised their vat operations so you too should save on time and effort by using all online vat services provided by your own vat department.

In the UK vat rules specify that you could apply for vat registration in case your taxable sales rise above the vat threshold limit of £70,000 during the past 1 year or if you feel they are going to do so within the next 30 days, even though you can still register even before your sales touch this figure. However, you are able to at present only complete basic vat online registration by filling up and submitting vat form 1 online. This method is normally utilised by small businesses. In case your organization 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 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 will have to first study all applicable vat rules before you register your organization 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 business on an international level. This may 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 your hmrc department then you’ll receive a vat questionnaire within 15 days that will need 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.

Once your application is approved then you will receive your vat number and you’ll now have to alter your invoicing method to issue vat invoices for all your sales. This vat invoice will need to display your vat no, vat rate, vat amount and also the same will also need to 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 for all goods and services. The standard vat rate is 17.5% that is set to raise to 20% from January 4, 2011 onwards. There is a reduced vat rate of 5% and a zero vat rate on specific goods and services that will remain the same. There are also certain goods and services that are vat exempt. However, the vat rates will vary in each eu country although the basic concept of charging vat tax continues to be same in most vat enabled countries.

If you want to register your organization for vat then going on the internet will help save your time plus enable 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 based in the UK or ask your vat agent to do so on your behalf before using online vat registration to get registered as a vat dealer without having problem.