vat identification number

Getting a VAT Identification Number

VAT stands for Value Added Tax and happens to be a consumption tax which is applied on goods and services. Identical to Central Service Tax (SCT) and the TIN (Taxpayer Identification Number Registration Number, registration of VAT is compulsory…
vat deregistration

Process of Vat deregistration

The VAT Deregistration process is the one which you need to follow if your company is currently registered for: Suppling taxable items in the UK Involves in distance sales to the customers who are not registered for VAT Involves in relevant…
EU VAT Number

EU VAT NUMBER: REQUIREMENTS AND PROCESS

If a company operates across the European Union (EU), there is a need that it should also get its business’s VAT registration number in another EU country. There are different requirements for the registration in different countries. But according…
vat registration number uk

How to check the validity of Vat registration number UK

Value added tax (VAT) is a consumption tax which is applied on the products. The percentage of the tax is applied from the different stages of production to the final stage. The amount of tax that a user pays is actually the cost of the product.…
VAT registered business

Running a VAT registered business

Value Added Tax (commonly known as VAT in the industry), is regarded to be a sales tax. This particular tax is imposed on the expenditure of items like consumer goods, services and business transactions.  Technically, VAT is paid by the…
VAT Deregistration

An overview of VAT deregistration

According to the rules and regulations implemented by HMRC, whenever a business exceeds an annual threshold of £85,000, it needs to be registered for VAT. In fact, it is a prerequisite for such businesses to register with HMRC and submit VAT…
Register for VAT

Register for VAT and gain credibility for your business

Although business taxation is a confusing aspect to handle, it is important for a business to register for VAT if it intends to gain credibility. Especially, from a small business’s perspective, such credibility is exceptionally important…

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