Use online vat registration for faster and safe vat registering

If you are a trader based in the UK or any other EU country which has adopted vat to be a medium of taxation then you should use online VAT registration for faster and secure vat registering Http://www.checkvatnumber.com. Most countries have computerised their vat operations and you too should reduce effort and time by utilizing all online vat services provided by your own vat department.

In the UK vat rules specify that you could make an application for vat registration in case your taxable sales rise over the vat threshold limit of £70,000 in the past 12 months or if you feel that they are going to do this within the next 1 month, even though you could register even before the sales touch this figure. However, you are able to at present only complete basic vat online registration by filling and submitting vat form 1 online. This method is normally used by small establishments. If your organization is a partnership firm, a group of companies, or plans to conduct business internationally then you could download and print all vat registration forms but will probably be needed to fill 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 will have to first study all applicable vat rules before you decide to register your organization online. Should 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 small business on an international level. This may enable 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'll 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 associated with your business together with a few purchase and sales invoices.

As soon as your application is eligible then 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 on your vat returns that will have to be submitted to the hmrc vat department at regular intervals.

Currently, in the United Kingdom there are 3 different types of vat rates applicable to all goods and services. The standard vat rates are 17.5% that is set to increase 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 that will stay the same. There's also certain goods and services which 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 want to register your business for vat then going online will help save your time plus enable you to securely complete the required process required for vat registration. You ought to simply log on to the hmrc vat department in case your business is located in the UK or ask your vat agent to do this on your behalf before using online vat registration to have registered as being a vat dealer without having problem.