If you’re 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 time and effort by utilizing all online vat services offered by your vat department vat control.

In the United Kingdom vat rules specify that you can make an application for vat registration if 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 1 month, although you can still register even 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 utilised by small businesses. If your business is a partnership firm, a group of companies, or plans to do business internationally then you can 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 decide to register your business online. In case 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 intend to conduct your small 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.

When you send your vat online registration form to the hmrc department then you will receive a vat questionnaire within 15 days that will need additional details to be submitted including your business address, telephone and fax numbers, banking account numbers, and several other details associated with 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’ll now have to alter your invoicing approach to issue vat invoices for all of your sales. This vat invoice will have to display your vat no, vat rate, vat amount and also the same must also be shown on your vat returns which will need to be submitted to the hmrc vat department at regular intervals.

Currently, in the United Kingdom there are 3 types of vat rates applicable to all goods and services. The regular vat rates are 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 that will stay the same. There’s also certain goods and services which are vat exempt. However, the vat rates will vary in each eu country even though basic reasoning behind charging vat tax continues to be same in all vat enabled countries vat number.

If you want to register your organization for vat then going online will help save time and also enable you to securely complete the necessary process required for vat registration. You ought to simply log on to the hmrc vat department if your business is located in the UK or ask your vat agent to do so for you before using online vat registration to have registered as being a vat dealer without any problem.