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 the 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 have 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 (1st April 2016) 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 83,000GBP or if you think that it will, then you must register for VAT.
If you or your client is a NON – UK RESIDENT, please provide the following:
We require 1 of the following:
- Passport Copy – Certified
- Photo Card driving licence - Certified
- National identity Card – Certified
We require 2 of the following:
- Utility Bill – (Dated in the last three months and Certified)
- Mortgage Statement – Certified
- Birth Certificate – Certified
- Lease/ Rental Agreement – Certified
If the documents are not in English, please arrange for them to be Translated to English before Certifying
We will require a scanned copy of each document.
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 not able to charge VAT on your invoices. Once your company has been registered for VAT and you have received your VAT number, you can then re-issue any invoices showing any VAT.