Use online vat registration for quicker and secure vat enrolling

If you’re a trader based in the UK or 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 provided by your own 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 12 months or if you feel they will do this over the following 1 month, although you could register before your 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 utilised by small establishments. 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 plan 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. 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 small business on an international level. This will allow you to remain safe while following all vat rules in several countries with falling foul of any department.

When you send your vat online registration form to your hmrc department then you will get a vat questionnaire within 15 days that will need additional details to be submitted including your business address, telephone and fax numbers, bank account numbers, and a lot of other details associated with your small business together with a few purchase and sales invoices.

Once your application is eligible you will receive your vat number and you’ll now have to change your invoicing method 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 in your vat returns that will need to be submitted to the hmrc vat department at regular intervals.

Currently, in the UK there are 3 different types of vat rates applicable to all goods and services. The standard vat rate is 17.5% that’s 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 stay the same. There’s also certain products or services which are vat exempt. However, the vat rates will vary in each eu country although the 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 will help save your time and also enable you to securely complete the necessary process needed for vat registration. You should simply log on to the hmrc vat department if your organization is based in the UK or ask your vat agent to do so for you before using online vat registration to have registered as a vat dealer without any problem.