Use online vat registration for quicker and safe vat enrolling

If you are a trader located in the UK or any other EU country that has adopted vat as 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 time and effort by utilizing all online vat services offered by your own vat department.

In the UK vat rules specify that you could apply 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 they are going to do this over the following 1 month, even though you can still register even before your sales touch this figure. However, you are able to at present only complete basic vat online registration by filling up and submitting vat form 1 online. This form is generally utilised by small establishments. If your business 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 required 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 that has adopted vat then you'll have 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 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 receive a vat questionnaire within 15 days that will need additional details to be submitted including your organization address, telephone and fax numbers, banking account numbers, and a lot of other details connected to your business together with 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 alter 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 also 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 you will discover 3 different types of vat rates applicable to all goods and services. 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% and a zero vat rate on specific goods and services which will stay the same. There's also certain goods and services that 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 most vat enabled countries.

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