Register Company For Vat
Register a Company For Vat
Registering for VAT is an important part of any business. As such, we offer services for helping most types of business register for VAT, including sole traders, partnerships and limited companies, to name a few. If you already know that you want to register your company for VAT, then Order VAT Registration online now. This page is intended to explain the reasons why you might need to register for VAT and when.
VAT Purposes
Any company involved in a business which results in being paid for goods or services can register for VAT with HM Revenue & Customs. As mentioned, this does not just include companies but other the forms of business too.
When You MUST Register a Company For VAT
Where a company is earning over £70,000 in a 12 month period and is (as above) being paid for goods and services to do so, it is legally required to register for VAT. A Company must also register for VAT if they have received goods from within the EU (in the current year) which value over £70,000.
Voluntary Company VAT Registration
Voluntarily registering your company for VAT, even when you arent required to do so can be beneficial to a company, allowing it to claim back VAT on purchases, as well as charge it on sales. This can be especially of benefit to companies who are selling one sort of VAT Rated product while buying another. So if you are selling zero rated, but buying standard rate, you can actually receive money back from the HMRC. For more guidance on rates of VAT, see our blog article.
Reclaiming VAT
One of the obvious benefits of registering a Company for VAT is the ability to reclaim it from HMRC. Once a company is registered for VAT it can retrospectively reclaim VAT for goods bought up to 3 years before registration and up to 6 months for services as well as reclaiming VAT into the future. Retention and production of relevant VAT receipts will be needed in order to reclaim. Our blog article on VAT rates and related matters might be of use to you as further reading in this area.
VAT Registration is carried out by filling out and filing the appropriate forms, submitting them to HMRC. It should be noted here that Company VAT Registration is not as straight-forward as you might hope. Over 30% of all VAT registrations carried out by the individual layman (submitted directly to HMRC) are rejected because of erroneous, incorrect or improperly filled in fields and information. This is one of the reasons why we offer a VAT registration service. Not only do we help to cut down the burdens on you but using our service means that your registration will go through smoothly and efficiently.
The Benefits of Registering a Company For VAT With Us:
- FAST Online Registration
- The ability to reclaim VAT from HMRC
- Professional drafting of your submission – NO ERRORS
- Our service is tax deductible
- Low Cost to you
