Use online vat registration for quicker and safe vat registering

If you're a trader based in the UK or any other EU country that has adopted vat to be a medium of taxation then you 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 could 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 that they are going to do this over the following 30 days, although you can still register before the sales touch this figure. However, you can at present only complete basic vat online registration by filling up and submitting vat form 1 online. This method is generally used by small businesses. In case your organization is a partnership firm, a group of companies, or plans to do business internationally then you could download and print all vat registration forms but will probably 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 which has adopted vat then you'll need to first study all applicable vat rules before you register your business online. In case you have trouble in deciphering uk vat or eu vat rules then its better if you appoint a vat agent or perhaps a customs and excise customs vat agent in the event you intend to conduct your business on an international level. This will 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 your hmrc department then you will get a vat questionnaire within 15 days that will require additional details to be submitted including your organization address, telephone and fax numbers, bank account numbers, and several other details connected to your small 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 have to alter 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 have to be submitted to the hmrc vat department at regular intervals.

Currently, in the UK 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 raise to 20% from January 4, 2011 onwards. There's a reduced vat rate of 5% plus a zero vat rate on specific goods and services which will stay the same. There are also certain products or services that are vat exempt. However, the vat rates will vary in each eu country even though basic concept of charging vat tax continues to be same in most vat enabled countries.

If you wish to register your organization for vat then going on the internet will help save your time and also allow you to securely complete the required process required for vat registration. You should simply log on to the hmrc vat department if your business is located in the UK or ask your vat agent to do this for you before using online vat registration to have registered as a vat dealer without any problem.