Use online vat registration for faster and safe vat registering

If you are a trader located in the UK or other EU country which 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 using all online vat services offered by your own vat department.

In the United Kingdom vat rules specify that you can make an application for vat registration in case your taxable sales rise above the vat threshold limit of £70,000 in the past 12 months or if you feel that they will do so over the following 30 days, even though you can still register even before the sales touch this figure. However, you are able to at the moment only complete basic vat online registration by filling up and submitting vat form 1 online. This form is generally used by small businesses. In case your http://vatcontrol.com organization is a partnership firm, a group of companies, or plans to conduct business internationally then you can download and print all vat registration forms but will be needed to fill 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 which has adopted vat then you will 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 even a customs and excise customs vat agent in the event you intend to conduct your business on an international level. This may 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 will get 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 business together with a few purchase and sales invoices.

As soon as your application is approved then 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 need to display your vat no, vat rate, vat amount and the same will also need to be shown on your vat returns that will have to be submitted to the hmrc vat department at regular intervals.

Currently, in the United Kingdom there are 3 types of vat rates applicable for all goods and services. The standard 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% plus a zero vat rate on specific services and goods which will stay the same. There’s also certain products or services that are vat exempt. However, the vat rates are different in each eu country even though basic concept of charging vat tax remains the same in all 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 should simply log on to the hmrc vat department in case your organization is based in the UK or ask your vat agent to do this on your behalf before using online vat registration to have registered as being a vat dealer without having problem.