Use online vat registration for faster and safe vat enrolling

If you’re a trader based in the UK or any other EU country that has adopted vat to be a medium of taxation then you should use online VAT registration for faster and secure vat registering. Most countries have computerised their vat operations and you too should reduce effort and time by using all online vat services offered by your vat department.

In the UK vat rules specify that you can apply for vat registration in case your taxable sales rise above the vat threshold limit of £70,000 in the past 1 year or if you feel they are going to do so within the next 1 month, even though you could register before your sales touch this figure. However, you are able to at the moment only complete basic vat online registration by filling and submitting vat form 1 online. This form is generally 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 probably be required to fill 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 which has adopted vat then you’ll need to first study all applicable vat rules before you 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 plan 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.

When you send your vat online registration form to your 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, banking account numbers, and several other details connected to your small business together with a few purchase and sales invoices.

Once your application is eligible then you will receive your vat number and you will now need to alter your invoicing method 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 on your vat returns which will have to be submitted to the hmrc vat department at regular intervals.

Currently, in the UK you will discover 3 types of vat rates applicable for all services and goods. The standard vat rates are 17.5% that’s set to raise to 20% from January 4, 2011 onwards. There is a reduced vat rate of 5% plus a zero vat rate on specific services and goods that will remain the same. There are 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 continues to be same in all vat enabled countries.

If you wish to register your organization for vat then going online will help save time plus allow you to securely complete the necessary process needed for vat registration. You ought to simply log on to the hmrc vat department in case your organization is based 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.