Use online vat registration for quicker and secure vat registering

If you're a trader based in the UK or 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 using all online vat services provided by your own vat department.

In the United Kingdom 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 in the past 1 year or if you feel that they will do so within the next 1 month, even though you can still 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 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 that has adopted vat then you will have to first study all applicable vat rules before you decide to 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 case you plan to conduct your small 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 the hmrc department then you'll get 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 connected to your small business including a few purchase and sales invoices.

Once your application is approved then you will receive your vat number and you will now need to change your invoicing method to issue vat invoices for all of your sales. This vat invoice will have to display your vat no, vat rate, vat amount and the same will also need to be displayed 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 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% plus a zero vat rate on specific services and goods that will stay the same. There's also certain goods and services that are vat exempt. However, the vat rates are different in each eu country even though basic concept of charging vat tax continues to be 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 required for vat registration. You ought to simply log on to the hmrc vat department if your organization is based 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 any problem.