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vat identification number

Getting a VAT Identification Number

Posted by admin on  November 21, 2016

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Category: VAT
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 for all manufacturing businesses and results in acquiring a VAT identification number .One could call it an indirect tax. For example when any product is manufactured by a company, various supplies are needed and tax is
vat deregistration

Process of Vat deregistration

Posted by admin on  November 21, 2016

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Category: VAT
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 supplies of goods which are assets of a business. There are situations in which you need to deregister your VAT registration. This VAT Deregistration can be voluntary or compulsory. A vender’s VAT registration may
EU VAT Number

EU VAT NUMBER: REQUIREMENTS AND PROCESS

Posted by admin on  November 21, 2016

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Category: VAT
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 to the EU’s VAT directive, there is a need to get EU VAT Number for each member of the state. When to get the EU VAT Number: The effort has been made to harmonies the European
vat registration number uk

How to check the validity of Vat registration number UK

Posted by admin on  November 18, 2016

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Category: VAT
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. When a company paid a tax, it gets its VAT registration number. Different countries have a different type of registration numbers like a registration number of Australia will be
VAT registered business

Running a VAT registered business

Posted by admin on  November 15, 2016

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Category: VAT
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 consumer when they make a purchase; whatever paid in the form of VAT is ultimately collected by HMRC (the abbreviation for Her Majesty’s Revenue and Customs). UK introduced this concept to its economy in 1973,
VAT Deregistration

An overview of VAT deregistration

Posted by admin on  November 15, 2016

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Category: VAT
According to the rules and regulations implemented by HMRC, whenever a business exceeds an annual threshold of £83,000, it needs to be registered for VAT. In fact, it is a prerequisite for such businesses to register with HMRC and submit VAT return files on timely manner. However, when the taxable supplies are below the limit of £81,000, you can apply for a VAT deregistration (only if you intend). However, it is strictly advisable that you
Register for VAT

Register for VAT and gain credibility for your business

Posted by admin on  November 15, 2016

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Category: VAT
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 for its expansion. While it is a prerequisite for any business in UK to register for VAT, very few business owners are completely aware of the rules and regulations inside this process. Many of these business owners wonder when

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