VAT Registration
We’ve registered thousands of Companies for VAT. You can rely on our expertise and experience to ensure that your VAT registration is completed accurately and quickly.
Every trading business whether a Limited Company or Sole trader must register for VAT with HMRC when their Taxable Turnover is more than £85,000. Some businesses choose to register voluntarily if it’s below £85,000. When your business VAT registration has been approved, you will be sent a VAT registration certificate which will contain your VAT registration number.
What information will you need
- Your turnover
- Your business activity
- Your bank details.
- The date from which you which you want to be registered for VAT from.
What is VAT?
VAT stands for Value Added Tax. In the United Kingdom the standard VAT percentage is 20%. However there are different rates for different types of products and services. Some products and services are even exempt for VAT.
What’s Included
We will enure that your VAT registration is processed correctly
We can help you understand what your obligations are once you are VAT registered
Your VAT registration certificate will be sent to your registered office address.
Ways To Buy
If you are a new customer and you already have a company then you can create an account with us and import your existing company into your company manager and order the service from the shop.
Already have an account with us then just login and go to the shop and add the service to the cart and checkout.
Form A Company Today
If you would like to order this service and form a company you can choose from our list of formation packages
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Login
Already have an account with us, then just login into your company manager area and go to the shop and purchase the service Login
VAT REGISTRATION FAQS
Learn more about
Call us on +442074382019 or use our Live Chat to speak to our friendly customer service team today!
What is taxable turnover?
The taxable turnover is your the portion of your business income from sales of goods and services which is subject to VAT.
Not all goods and services are subject to VAT. To find out if your product or service is subject to VAT see HMRC’s GUIDANCE ON DIFFERENT GOODS AND SERVICES.
Taxable turnover excludes any sales of products or services which are outside the scope of VAT, such as those which would be standard, reduced or zero-rated.
How does VAT work?
The amount of VAT collected by HMRC will be calculated in your periodic VAT returns. It will be the difference between the VAT you have paid on purchases and the VAT you have charged on your sales.
If you have charged more VAT then you have paid, you will be liable to pay the difference to HMRC.
If you have paid more VAT on your purchases
How long does it take to get your VAT number and VAT Certificate?
Standard VAT Scheme
This is the most common method used to account for business VAT . You will required to keep a detailed record of all VAT purchases and all VAT sales. This is usually done in an accounting software such as Xero, QuickBooks or Kashflow or you can keep a written record.
On the Standard VAT Scheme you will need to submit a VAT return on a quarterly basis and either pay or claim a refund of VAT on a quarterly basis.
Flat Rate VAT Scheme
- Under this scheme, you will pay a percentage of your total turnover as VAT. So you do not need to account for VAT on all your purchases which
means far less admin work. - The Flat Rate Scheme VAT Rate will vary depending on the industry you are working in. See the different VAT Flat Rates available
The only restriction to using the Flat Rate VAT scheme is that your annual turnover cannot exceed £150,000.
Cash Accounting VAT Scheme
This method may be suitable for you if you sell on credit, but offer extended credit terms. This means you will not be liable for VAT until you are actually paid.
However, if you buy on credit you will not be able to claim VAT until you have actually paid for the goods or services.
The other restriction of the Cash Accounting scheme is that, like with Annual Accounting Scheme, businesses with annual turnover above £1.35 million will not be eligible.
Annual Accounting Scheme
The Annual Accounting VAT scheme is the same as the Standard VAT scheme however, instead of submitting quarterly VAT returns, you need to submit annual vat returns. This scheme also involves quarterly VAT payments based on estimations.
Businesses with annual turnover over £1.35 million are not eligible for the annual accounting scheme.
Why our customers love us
So much more than Company Formation Agents
Outstanding Customer Services
We value each customer as an individual. Our team are available to support you through the formation of your company and during the life of your company from 9am to 6pm Mondays to Fridays. Simply call us, email us or use our live chat support.
Approved Registration Agents
There are only a few registered agents approved by Companies House in the UK and we are proud to be one of them. This means we are allowed to submit and support your application to form a company from start to end.
Experience you can rely on
We've been forming companies and supporting new businesses in the UK for many years. We have the skills and experience to ensure your company formation is successful and that your business is ready to grow and compete in an exciting startup market.