If you are a trader based in the UK or other EU country that has adopted vat as a medium of taxation then you should use online VAT registration for faster and secure vat registering www.checkvatnumber.com. Most countries have computerised their vat operations so you too should reduce time and effort by using all online vat services offered by your vat department.
In the UK vat rules specify that you can make an application for vat registration if your taxable sales rise above the vat threshold limit of £70,000 during the past 1 year or if you feel they will do so within the next 1 month, even though you can still register even before the sales touch this figure. However, you can at present only complete basic vat online registration by filling and submitting vat form 1 online. This method is generally utilised by small establishments. 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 be needed to fill up the form manually before sending it 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’ll need to first study all applicable vat rules before you 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 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 the hmrc department then you will receive 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 a lot of other details associated with your business including a few purchase and sales invoices.
As soon as your application is eligible you will receive your vat number and you’ll now need 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 will also need to 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 you will discover 3 different types of vat rates applicable for all services and goods. The regular vat rates are 17.5% that is 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 stay the same. There are also certain goods and services that are vat exempt. However, the vat rates are different in each eu country even though basic reasoning behind charging vat tax remains the same in all vat enabled countries.
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 needed for vat registration. You should simply log on to the hmrc vat department in case your organization is located in the UK or ask your vat agent to do this for you before using online vat registration to get registered as being a vat dealer without any problem.