Price: £75.00
What is VAT Registration?
By registering your UK Company for VAT, you will receive a company VAT Number. Once your company has been registered for VAT HMRC will issue you a VAT Certificate that will confirm the following:
- Your VAT number
- When to submit your first VAT Return and payment
- Your ‘effective date of registration’ - this is the date you went over the threshold, or the date you asked to register if it was voluntary
From the effective date of registration you must ensure you:
- Charge to correct amount of VAT
- Pay any VAT due to HMRC
- Submit VAT Returns every 3 months
- Keep VAT Records
You are also able to reclaim the VAT you’ve been paid on certain purchases made before you registered.
When do I need to apply for VAT?
If your taxable supplies exceed the VAT Registration threshold of 83,000GBP then you are legally obliged to register for VAT. Taxable supplies are anything that is subject to VAT. Therefore, if your turnover of taxable supplies exceeds 82,000GBP or if you know that it will, then you must register for VAT.
How long does it take to register for VAT?
Upon receipt of your order we will email you an application form to complete with your company details, once we have received this back we can proceed to register your company for VAT.
It usually takes around 14 working days to register your company for VAT, however this does depend on HMRC workload and they may request further information to support your VAT application.
Until you have received your VAT Number you are able to charge VAT on your invoices. Once the company has been registered for VAT and you have received the number, you can then reissue any invoices showing VAT.
If you would like to register your company for VAT, please order this service from our UK Additional Services