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Use online vat registration for faster and secure vat registering


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If you are a trader located 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 save on effort and time by utilizing all online vat services offered by your own vat department.

In the United Kingdom vat rules specify that you could make an application for vat registration if your taxable sales rise above the vat threshold limit of £70,000 during the past 12 months or if you feel that they are going to do this 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 businesses. In case 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 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 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.

When you send your vat online registration form to the hmrc department then you will get a vat questionnaire within 15 days that will require additional details to be submitted such as 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 will 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 the same must also be shown in 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 different types of vat rates applicable for all goods and services. The standard vat rate is 17.5% that is set to increase to 20% from January 4, 2011 onwards. There’s a reduced vat rate of 5% and a zero vat rate on specific services and goods that will remain the same. There’s 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 remains the same in all vat enabled countries.

If you want to register your organization for vat then going online may help save your time plus allow you to securely complete the required process needed for vat registration. You should simply log on to the hmrc vat department in case your business is located in the UK or ask your vat agent to do this on your behalf before using online vat registration to get registered as a vat dealer without having problem.