When To Register For VAT
When To Register For VAT
When should you register your business for VAT?
The VAT registration threshold is set by HMRC and requires every business with a certain amount of turnover to register for a VAT number. However, you are not required to wait until your business reaches this level. Registering early with a voluntary VAT registration can be beneficial in itself.
Because of the potential financial penalties for late registration it is important to keep track of your turnover levels so you are aware of when you should register your business.
When you're ready, we'll help you complete your registration with HMRC with minimal fuss and hassle.
How To Register For VAT
Registering your business for VAT involves submitting an application to HM Revenue & Customs. Due to the problems and issues with VAT registration, most people find that using an agent smoothes the process and takes away the risk of the application being rejected.
Over 30% of VAT registrations carried out by individuals are rejected outright by HMRC due to inaccuracies, errors or data omissions. A great number of VAT registration applications are similarly delayed as HMRC requests input on the correct information. These sorts of problems can cause numerous headaches for new and small businesses seeking a VAT number to smooth their business activities.
Here at TheCompanyWarehouse.co.uk we have a working relationship with HMRC which allows us to quickly and easily submit a VAT registration on behalf of your company, which will be accepted by HMRC and not suffer from the usual delays or problems.
Benefits of VAT Registration
The benefits of VAT registration mean that rather than being a hindrance to business, it may actually be better for you to register for VAT even if you don't actually need to. VAT registration allows:
Your business to seem bigger than it actually is. A business with a VAT registration number seems more professional
Smooth dealings with suppliers and other businesses. Businesses are more willing to deal with VAT registered companies as it simplifies the handling VAT invoices and payments.
You to reclaim VAT on goods and services purchased from other businesses and suppliers used in the course of business. Thus cutting costs and making your company more tax efficient.
You to charge VAT on goods and services sold and keep proper accounts of doing so.
Register For VAT Online
Online VAT registration through us is the easiest way to get your business properly registered with HMRC. Allowing you to take advantage of the benefits of registration and get the most out of your business with little extra fuss.
Order VAT registration online today or contact us to find out more about registering your business with HMRC.
NO complicated VAT registration form to complete, we make your application on your behalf direct with HMRC
FAST online VAT registration
Reclaim VAT on start up costs enabling you to potentially reclaim VAT on money you have already spent setting up your company*
Our charge is 100% TAX DEDUCTIBLE
*Subject to individual circumstances.
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