Make a vat application for vat registration and vat refunds

If you plan to sell goods or services in the UK then you definitely might soon need to turn into a VAT registered trader in order to achieve it you will need to complete a vat application for vat registration and vat refunds in the future. It is however, essential that you get your application right the first time around for seamless integration to the vat tax system.

The UK together with the majority of the eu countries have shifted to vat or value added tax for taxing services and goods sold in their respective countries and even re-exported from those countries. In case your trading business deals in a very modest scale to individual end-users you then may not need to register for vat simply because this will allow you to keep the costs in a lower level. However, when your sales touch the vat threshold limit of 70,000 sterling pounds within the previous 12 months or if you think that this figure could be achieved in the coming 1 month then you will have to make an application for vat registration.

In the UK all vat rules are issued and managed by Her Majesty?s Revenue and Customs department or hmrc. If your sales are near the vat threshold limit or if you think that you have to issue vat invoices to all your clients then you should submit an application for vat certification to the hmrc. It is possible to do so by making an online application, especially if you are an individual running your own business. You can easily fill a vat form referred to as VAT 1 online and submit it online to hmrc vat department. Should your organization be a partnership, a company, a trust, a charity, or other kind of organization you may download the applicable vat application form but will need to print it out at your end, fill it up and dispatch it physically to hmrc.

If the hmrc vat department doesn’t have any additional queries upon receiving the application then you can expect your vat certificate to arrive within one month. Thus, if you want to receive your vat registration with no hiccups then you should hire a vat agent that has expertise in uk vat and even eu vat systems so that there is complete adherence to all vat rules. Your vat agent can also guide you during filing of vat returns.

Should you import services or goods from other eu countries which have already charged you vat on the very same then you will again want to make a vat refund application to recover that double-taxed amount. Again, your vat agent can make the necessary vat applications for vat refunds within the stipulated time. This helps redirect vital funds back into your enterprise. Since all applications related to vat usually are of time-bound nature, it is crucial that you file them well within the stipulated time period.

If you want to charge vat to the clients then you will have to apply for vat registration to the hmrc once your business becomes entitled to such a move. You must enrol the aid of an expert vat agent so that your vat application is approved instantly plus your vat registration and future vat refunds are awarded without problems.